One great thing about Cypress Semiconductor Corp. CEO T.J. Rodgers is that he is not cryptic in his public statements. You don't need to read between the lines to get the feeling that he's pretty fed up with the time and costs associated with MRAM development. He's dumping subsidiary Silicon Magnetic Systems, the Cypress spintronics spinoff he set in motion out of frustration with MRAM partner NVEC's progress.
This news is sure to prompt the NVEC short-seller peanut gallery out of their shells as this again puts the status of NVEC's technology in limbo.
But those who read my NanoMarkets report on nanostorage last year already knew that Cypress did not expect to make much money off of MRAM and that the company would be an "also ran" in MRAM.