NVE Corporation announced today that it has been awarded additional funding by the U.S. Navy's Office of Naval Research (ONR) to continue the development of deep sub-micron Vertical Transport Magnetoresistive Random Access Memory (VMRAM).
The funding will be used by NVE to test and optimize VMRAM cell fabrication methods. The funding is under an ONR program announced by NVE in May 2003, and brings total funding under the ONR VMRAM program to more than $600,000. The ONR VMRAM program is one of a number of Department of Defense contracts awarded to NVE for the development of MRAM.
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