MRAM is a non-volatile memory technology that can store information for an extended period of time without power. This technology combines the best virtues of many of the common forms of memory â€œ the low cost and high capacity of dynamic RAM; the high speed of static RAM; and the permanence of Flash Memory- and has the potential to significantly improve many electronic products by storing more information, accessing it faster and using less battery power than conventional electronic memory. MRAM can be thought of as a breakthrough in memory technology that could significantly increase battery life of portable computing devices (laptops, PDAs etc.) and lead to Ëœinstant-onâ„¢ computers. Unlike conventional computer chips, MRAM chips use magnetization to store information, instead of electrical charges. The information on MRAM memories remains intact even after the system has been powered down.In light of its many advantages, MRAM has the potential to enter many memory applications in a few years. The technology is seen as a future replacement for flash memory, another type of non-volatile memory, in mobile applications, such as cell phones, and could even replace volatile DRAM (Dynamic RAM) in PCs in the years to come.