Grandis, established in 2002 and headquartered in Silicon Valley, California, develops Spin Torque Transfer based RAM technology (STT-MRAM). STT-RAMTM is a "second generation" magnetic random access memory (MRAM) which solves the writing current scaling problem for conventional MRAM.

In November 2002, Grandis announced a collaboration with Renesas, and in April 2008 they extended this collaboration. They have also announced a licensing deal with Hynix.

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