Design of molecular magnetoelectronic materials

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Spintronics ("spin-based electronics" or magnetoelectronics) is an emergent technology that exploits both the charge and spin of an electron rather than utilizing charge as the sole basis for microelectronic devices. Spintronic devices are expected to be smaller, more versatile, and more robust than currently available silicon-based circuits. An emerging example is magnetic random access memory (MRAM) which is "non volatile" - no information is lost when the system power is turned off. A current estimate of the potential MRAM market is in excess of $100 billion annually. More distant applications exploit combinations of semiconductor, magnetic, and optical materials that may lead to ultra-fast switches, and "all spintronic" processors that would combine storage, processing, and communication on a single chip.