Researchers at North Carolina State University have received a three-year, $1.2 million grant from the National Science Foundationâs Center for Chemical Innovation (NSF-CCI) to pursue research in the emerging field of molecular spintronics.
NVE corporation reported their financial results for 1Q 2009. Total revenue increased to 7.83M$, and profit was 2.94$.
The main increase in revenue is due to a 22% increase in product sales and 311% increase in contract R&D revenue.
UK researchers (from the University of Surrey and two more institutes) have been awared a 430,000GBP (around 700K$), 3-year grant to develop silicon structures for spintronic semiconductors. This is funded by the UK Engineering and Physical Sciences Research Council and the National Science Foundation of China
The project could lead to cheaper and more sophisticated computer processing technologies.While silicon has not been the material of choice for spintronic research, the team says exploration of silicon based platforms is important due to the potential for exploiting an extremely pure material and the far cheaper and more sophisticated processing technologies available.
The project will focus on manipulating electron spins with laser beams will look to build a prototype device.
We just hear that Atomistix went bankrupt, and QuantumWise has bought all assets. QuantumWise is a start-up born at the Nano-Science Center and the E-Science Center at Copenhagen University in Denmark.
QuantumWise develops software which in particular can be used for research related to future electronic devices such as transistors and memory circuits. This paves the way for computers and storage devices with radically better performance and capacity than today.
NVE Corporation announced today financial results for the quarter and nine months ended
December 31, 2008. Total revenue for the third quarter of fiscal 2009 increased 23% to $5.88
million from $4.77 million in the prior-year quarter. The revenue
increase was due to an 8% increase in product sales and a 150% increase
in contract research and development revenue. Net income for the third
quarter of fiscal 2009 increased 45% to $2.47 million.
NVE reported a strong growth in contract R&D. In the conference call, Daniel Baker (company's CEO) said - "Most of the contracts that we're working on right now are related to anti-tamper MRAM".
The company also announced today that its Board of Directors authorized
the repurchase of up to $2.5 million of the companyâs common stock from
time to time in open market, block, or privately negotiated transactions.Â
Grandis announced that it has been awarded $6.0 million from the Defense Advanced Research Projects Agency (DARPA) for the initial phase of research to develop spin-transfer torque random access memory (STT-RAM) chips (for the 45 nm technology node and beyond). The total value of the effort, if all phases of the development program are completed, could be up to $14.7 million over four years.
Total revenue for the second quarter of fiscal 2009 increased
14% to $5.73 million from $5.00 million in the prior-year
quarter. The revenue increase was due to a 13% increase
in product sales and a 24% increase in contract research
and development revenue. Net income for the second quarter
of fiscal 2009 increased 40% to $2.30 million, or $0.48
per diluted share, compared to $1.64 million, or $0.34 per
diluted share, for the prior-year quarter.
For the first six months of fiscal 2009, total revenue increased 9% to $10.6 million from $9.71 million for the first six months of fiscal 2008. The revenue increase was primarily due to a 10% increase in product sales to $9.42 million for the first half of fiscal 2009 from $8.58 million for the prior-year period. Net income for the first half of fiscal 2009 was $4.20 million, or $0.88 per diluted share compared to $3.23 million, or $0.67 per diluted share, for the first half of fiscal 2008.
"We are pleased with our strong quarterly results,'' said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D. "Increases in product sales and contract research and development revenue drove record earnings.''
NVE is a leader in the practical commercialization of spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information. The company manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. NVE has also licensed its spintronic magnetoresistive random access memory technology, commonly known as MRAM.
Armed with nearly $11 million in National Science Foundation funding, Ohio State University will work over the next several years to develop a research center to explore the next step in high-tech electronics.
Ohio State's centre will focus on manipulating materials such as plastic, silicon and semiconductors and researching in the field of âmagnetoelectronics,â also called âspintronics.â The field involves the spin of electrons in atoms and how that can lead to better and faster computer technology.
The Departmentâs Professor Mike Adams explains: 'The research topic is "Injected Spin Lasers", that is lasers whose output polarisation is controlled by the injection of spin-polarised electrons. Polarisation is a property of waves that describes the orientation of their oscillations. Circular polarisation of laser radiation means that the tip of the electric field vector, at a fixed point in space, describes a circle as time progresses. Circular polarisation is referred to as right or left, depending on the direction in which the electric field vector rotates. An electron has one of two types of spin: spin up or spin down. In a spin-injected laser, spin down electrons couple to right circularly polarised radiation, whilst spin up electrons couple to left circularly polarised radiation, thus allowing us to control the output polarisation of the laser.'
Total revenue for the first quarter of fiscal 2009 increased 3% to $4.86 million from $4.71 million in the prior-year quarter. The revenue increase was due to a 7% increase in product sales to $4.55 million for the first quarter of fiscal 2009 from $4.27 million in the prior-year quarter. Net income for the first quarter of fiscal 2009 increased 20% to $1.90 million, or $0.40 per diluted share, compared to $1.59 million, or $0.33 per diluted share, for the prior-year quarter.
"Product sales drove strong profits,'' said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D. "Gross margin was 71% of revenue, operating margin 52%, pretax margin 58%, and net margin 39%.''
NVE is a leader in the practical commercialization of spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information. The company manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. NVE has also licensed its spintronic magnetoresistive random access memory technology, commonly known as MRAM.