Freescale Semiconductor, a global leader in the design and manufacture of embedded semiconductors, today announced it was honored with an Electronic Products' Product of the Year award for its 4 Mbit MR2A16A magnetoresistive random access memory (MRAM) device. Freescale's successful commercialization of this memory technology could hasten new classes of electronic products offering dramatic advances in size, cost, power consumption and system performance.

"The MR2A16A's unique combination of high-speed reading and writing, unlimited cycling and non-volatility made the Freescale device a clear, standout choice for our Product of the Year award," said Jim Harrison, West Coast editor of Electronic Products magazine. "The first memory product of its kind, the MR2A16A fulfills the commercial promise of MRAM technology. Freescale's MRAM product is simpler, more cost-effective and more reliable than other memories since no battery is needed to ensure non-volatility."