Crocus Technology announced that ARM licensed the company's Magnetic Logic Unit (MLU) technology. The MLU is a CMOS based rugged magnetic technology capable of offering important advantages in performance, size and security for embedded micro-controllers. MLU can replace both flash and RAM and are suitable for mobile and security applications.

Crocus will provide ARM with access to its MLU technology, including MRAM blocks in sub-90 nm technology which can replace traditional flash memory, plus MIP (Match In Place) enabled technology which enhances the security of keys and other secret data. Crocus has been co-developing the MLU technology together with IBM since 2011.

In late 2013, Crocus Nanoelectronics (Crocus and Rusnano's $300 million JV) announced that they launched the first production line at their MLU (TAS-MRAM based) production line in Technopolis, Moscow. By the end of 2014, CNE will be able to produce 2,000 wafers per month.

Back in July 2013, Crocus completed their Series D round of funding, raising €34 million (about $45 million). The company raised $80 so far (not counting the $300 million from RUSNANO towards a manufacturing fab in Russia). Back in 2012 we interviewed the company's chief marketing officer.

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