NVE President and CEO Daniel A. Baker, Ph.D., said: "Cypress demonstrated 256-kilobit MRAMs working in customers' systems, which was an important accomplishment. There is a large market for MRAM, however the market for Cypress' low-density designs is limited. Furthermore, for us to monetize our intellectual property in the Cypress designs, we would have to sell MRAM in competition with our technology licensees."
"We believe that NVE is well-positioned with critical intellectual property covering a broad range of near-term and long-term MRAM designs," continued Baker. "Our MRAM strategy, therefore, will be to focus on an intellectual property business model, providing technology to enable revolutionary memory design rather than both providing technology and selling devices."