Crocus snags $15.8M to develop magnetic memory chips
French semiconductor maker Crocus Technology has raised $15.8 million in second round financing, in addition to $4.1 million from OSEO, France’s public agency for funding innovation.
The company plans to use the round for continued development of its magnetic random access memory (MRAM) chips, which can store information using magnetic fields. These chips are less volatile, suck less power and are generally faster than the flash memory used in most computers and handheld electronics.
Crocus expects that… Continue Reading