Spintronics is a rapidly growing field of electronics that relies on the spin of electrons to store, process and transmit information. The market for spintronics is driven by increasing demand for high-performance electronic devices, such as hard drives, MRAM, and sensors, which can operate at high speed, with low power consumption and in harsh environments. The market is also driven by the growing demand for renewable energy sources, as spintronics has the potential to significantly improve the efficiency of solar cells and power grids. However, the market is also affected by factors such as high manufacturing costs, the need for further research and development, and the challenges associated with scaling up spintronic devices to commercial production. Overall, the Spintronics Market is expected to grow rapidly in the coming years, driven by increasing demand from a variety of industries.
Key Companies in the Spintronics Industry:
1. Quantum Wise
Founded in 2008, Quantum Wise is a Danish company that develops and provides software tools and services for atomic-scale modeling of materials and devices. Its main product, Atomistix ToolKit (ATK), is a software package that enables simulations of quantum transport, electronic and magnetic properties, and mechanical and thermal properties of materials at the atomic level. The company is headquartered in Copenhagen, Denmark, and operates in over 20 countries worldwide. In December 2022, Quantum Wise announced a collaboration with researchers from the University of California, Los Angeles (UCLA) to develop advanced spintronic materials for low-power computing.
2. NVE Corporation
Founded in 1989, NVE Corporation is a US-based company that develops and manufactures high-performance spintronics devices, including magnetic sensors, isolators, and couplers. Its products are used in a wide range of applications, including automotive, industrial, and medical devices. The company is headquartered in Eden Prairie, Minnesota, and operates in over 30 countries worldwide. In January 2023, NVE Corporation announced the launch of its new line of high-performance magnetic sensors for automotive and industrial applications.
3. Organic Spintronics
Founded in 2010, Organic Spintronics is a French company that develops and commercializes organic spintronic devices, such as organic light-emitting diodes (OLEDs) and organic spin valves. Its products are used in a variety of applications, including displays, lighting, and sensors. The company is headquartered in Grenoble, France, and operates in several countries worldwide. In February 2023, Organic Spintronics announced a partnership with a major electronics manufacturer to develop new high-performance OLED displays for smartphones and other devices.
4. IBM Corporation
5. Founded in 1911, IBM Corporation is a US-based multinational technology company that provides hardware, software, and consulting services. IBM has been a major player in the spintronics field for several decades, with research on magnetic storage dating back to the 1950s. The company is headquartered in Armonk, New York, and operates in over 170 countries worldwide. In March 2023, IBM announced the development of a new type of magnetic storage device based on spintronic technology that could significantly increase the capacity and speed of data storage in data centers.
6. Plures Technologies
Founded in 2015, Plures Technologies is a US-based startup that develops and commercializes spintronic memory devices for high-performance computing applications. Its products are based on spin-transfer torque magnetoresistive random-access memory (STT-MRAM) technology and are used in data centers, artificial intelligence, and edge computing. The company is headquartered in Austin, Texas, and operates in several countries worldwide. In April 2023, Plures Technologies announced that it had secured $20 million in funding to accelerate the development and commercialization of its spintronic memory products.
7. Advanced Micro Sensors
Founded in 2010, Advanced Micro Sensors is a US-based company that develops and manufactures magnetic sensors for automotive, industrial, and medical applications. Its products are based on tunnel magnetoresistance (TMR) technology, which is a type of spintronic device. The company is headquartered in Santa Clara, California, and operates in several countries worldwide. In May 2023, Advanced Micro Sensors announced the launch of its new line of TMR magnetic sensors for high-precision measurement applications.
8. Everspin Technologies, Inc.
Founded in 2008, Everspin Technologies is a US-based company that develops and manufactures MRAM-based spintronic memory devices for a wide range of applications, including data storage, industrial automation, and internet of things (IoT) devices. The company is headquartered in Chandler, Arizona, and operates in several countries worldwide. In June 2023, Everspin Technologies announced a partnership with a major semiconductor manufacturer to develop new MRAM-based products for the automotive and industrial markets.
9. Spin Transfer Technology
Founded in 2007, Spin Transfer Technology is a US-based company that develops and licenses spintronic technologies for use in memory, logic, and analog applications. Its products are based on spin-transfer torque random access memory (STT-RAM) technology, which enables low-power, high-speed, and high-density memory devices. The company is headquartered in Fremont, California, and operates in several countries worldwide. In July 2023, Spin Transfer Technology announced the launch of its new line of STT-RAM memory devices for use in data centers and edge computing applications.
10. Crocus Technology
Founded in 2006, Crocus Technology is a French company that develops and manufactures magnetic sensors and spintronic memory devices for a wide range of applications, including automotive, industrial, and IoT devices. The company's products are based on its patented magnetic logic unit (MLU) technology, which enables high-performance, low-power, and non-volatile memory devices. The company is headquartered in Grenoble, France, and operates in several countries worldwide. In August 2023, Crocus Technology announced a partnership with a leading automotive manufacturer to develop new MLU-based sensors for advanced driver assistance systems (ADAS) applications.
11. Intel Corporation
Founded in 1968, Intel Corporation is a US-based multinational technology company that designs and manufactures microprocessors, memory chips, and other computer hardware and software products. Intel has been a major player in the spintronics field for several years, with research on magnetic memory and logic dating back to the early 2000s. The company is headquartered in Santa Clara, California, and operates in over 60 countries worldwide.
Definition- Spintronics is a field of electronics that involves the study of electron spin and its use in devices for data storage, processing, and communication.
