Crocus Nanoelectronics (CNE), 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. This line will produce MRAM using 90-nm process technology (on both 200 mm and 300 mm wafers). By the end of 2014, CNE will be able to produce 2,000 wafers per month.
MLU is a "disruptive CMOS-based rugged magnetic technology" that Crocus is co-developing with IBM. MLU offers important advantages in high speed, security, and robust performance at lower cost compared to other technologies. MLU can be used in smart cards, network commutators, biometric authenticating devices, near field communications, and secure memory.