Investment

France has launched a large Spintronics project, with a 4.2M euro investment. It's called SPIN, and involved 11 partners. One of the project goals is magnetic FPGAs. Here's how they describe it:

The objective will be to design a magnetic FPGA which will incorporate finely distributed Magnetic Tunnel Junctions (MTJs) for non volatile storage and configuration purposes above of a CMOS core circuit. In complement of existing high density FPGAs, it will provide better versatility with intrinsic reconfigurability, instant on/off and energy saving. Such FPGAs can be used as general purpose standalone products. In the SPIN project, the FPGA will be targeted to provide intelligent processing of the magnetometers and sensors developed in objectives 2 and 3. 

More information can be found here.

The Korean Government has decided to fund STT-RAM research for Hynix and Samsung in a $40 million project. The government will pay around half of the sum for the project, which is intended to run till 2014. The project calls for the government to work with Samsung and Hynix together for research and development on STT-MRAM chips. Korea aims to control around 45% of the 30-nano type memory chip market by 2015.

The companies have already opened a new laboratory at Hangyang University's fusion technology center. It is already equipped with a fully operational 300mm magnetic thin film deposition system and other chip-making facilities.

Via YonHap news

Spingate is a new US-based fabless company focusing on development, licensing and manufacturing of solid state memory, specifically, perpendicular MRAM.

We have talked to Dr. Alex Shukh, Spingate's co-founder, CTO and CEO. Alex explains that they have decided to focus on perpendicular MRAM because according to their estimates it does not suffer from several fundamental issues of its longitudinal (in-plane) analogue.

Micromem announced that they have raised 375K$ in a private placement.

They will use the proceeds from the offering for general working capital purposes.

NVE Corporation announced today financial results for the quarter and nine months ended December 31, 2008.  Total revenue for the third quarter of fiscal 2009 increased 23% to $5.88 million from $4.77 million in the prior-year quarter. The revenue increase was due to an 8% increase in product sales and a 150% increase in contract research and development revenue. Net income for the third quarter of fiscal 2009 increased 45% to $2.47 million.

Grandis announced that it has been awarded $6.0 million from the Defense Advanced Research Projects Agency (DARPA) for the initial phase of research to develop spin-transfer torque random access memory (STT-RAM) chips (for the 45 nm technology node and beyond). The total value of the effort, if all phases of the development program are completed, could be up to $14.7 million over four years.

Crocus has raised 16.1M$ from VCs and government grants. The grants are from the French research and development agency OSEO.

The company says the new funding will allow it to complete its technology development phase, in advance of product introductions

Read more here (TheDeal.com)

Freescale has decided to form a new company called EverSpin, and to give its MRAM technology portfolio to this new company. Several companies (New Venture Partners, Sigma Partners, Lux Capital, Draper Fisher Jurvetson and Epic Ventures) will invest 20M$ in the new company.

EverSpin will operate in a portion of Freescale's Chandler (Arizona, US) semiconductor foundry and take on about 50 existing company employees who were associated with the MRAM technology.