Memory and Storage

Applied Materials and ARM Invest in Alternative to Embedded SRAM

14 November 2018

Spin Memory Inc. has raised $52 million in funding in its latest financing round led by Applied Ventures LLC, the venture capital arm of Applied Materials Inc., and microprocessor IP vendor ARM.

Additionally, Spin Memory has signed an agreement with Applied to create an embedded magnetoresistive random-access memory (MRAM) solution and an agreement with ARM for licensing Spin Memory’s endurance Engine design IP to address static random-access memory (SRAM) applications in system-on-chips (SoCs).

The funding and agreements are aimed at establishing MRAM as a mainstream alternative to embedded SRAM and a range of other non-volatile memories.

The agreement with Applied will combine the company’s deposition and etch capabilities with Spin Memory’s MRAM process IP. The product offering is designed to allow customers to bring an embedded MRAM manufacturing module to market quickly and start producing MRAM-enabled products for both non-volatile and SRAM-replacement applications.

Under the licensing agreement with ARM, Spin Memory will provide ARM with its Endurance Engine to develop a new line of embedded MRAM design IP. The IP will be an alternative to SRAM in SoCs with denser and lower power solutions than typically achieved with current SRAM cell-based IP technology.

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