Crocus raised €8 million, changes CEO

Crocus announced an 8 million euro investment, and a change of CEO. The new CEO is Dr. Bertrand F. Cambou. His main task is to bring their MRAM products to the market. Crocus aims to complete the production transfer of its 130nm MRAM technology to manufacturing partner Tower Semiconductor soon.

Crocus has originally planned to start production towards the end of 2009.

Posted: May 04,2010 by Ron Mertens