Financial - Page 2

Qnami, a Switzerland-based company that develops fundamental new technology using quantum mechanics, has announced the closing of a &4.4 Million USD Series A financing round.

The company intends to use the funds to extend its patented quantum microscope technology into applications enabling the design and production of quantum computers and spintronics devices, plus scaling the launch of the Qnami ProteusQ™, its first commercial Quantum Microscope.

A research team at NTU’s School of Physical and Mathematical Sciences and School of Materials Science and Engineering, led by Associate Professor Gao Weibo, together with colleagues from the Singapore University of Technology and Design, has won substantial funding from Singapore’s National Research Foundation to develop high-performance spintronics devices.

The five-year programme, called “The next generation of spintronics with 2D heterostructures”, aims to develop spintronics devices based on next-generation van der Waals materials, which are strongly bonded two-dimensional (2D) layers of materials that are bound in the third dimension through weaker van der Waals forces.

The European Research Council (ERC) granted a €1.9 million new project to Prof. Can Onur Avci, in the field of magnetic insulators for spintronics devices. Prof. Aci will move to ICMAB and be integrated at the ICMAB Research Line 3 (RL3) “Oxides for new generation electronics”. The activities of this research center span from multiferroics, flexoelectric materials oxide photonics and spintronics to ferroelectric memory arrays and GHz-THz magnetoelectrics.

The awarded project is called MAGNEPIC, or “Magnetic Insulators: An Enabling Platform for Innovative Spintronic Concepts”. The project full goal is to study magnetic insulators to develop novel device concepts and explore emerging physical phenomena that could be useful for future spintronics research and applications.

The european Graphene Flagship project has announced 16 newly-funded graphene FLAG-ERA projects. These projects which will become Partnering Projects of the Graphene Flagship – receiving around €11 million in funding overall.

Two of these projects will investigate the promising properties of graphene for spintronics. The SOgraphMEM project will test specific materials for a novel branch of spintronics called spin-orbitronics, while the DIMAG project will fabricate new layered magnetic materials with optimal characteristics for spintronics applications.

Researchers from Aarhus University in Denmark received a EUR 4.4 million grant from the EU FET to develop novel spintronics-based AI hardware. The researcher say that their suggested design can end up having 100,000 times the performance of the state-of-the-art AI systems of today.

The project, called SpinAge, will revolve around a neuromorphic computer system (NCS) design that is unique, scalable and highly energy efficient (the researchers estimate that the new design will be more efficient than current designs by at least a factor of 100). The synaptic neurons in this system will be based on spintronics technology.

Dr. Wei Zhang, an assistant professor of physics at Oakland University, has earned the National Science Foundation’s Faculty Early Career Development Program Award and a $500,000 grant over five years to study quantum spintronics.

Quantum spintronics, a relatively new field, studies how a material’s quantum properties (either natural or engineered) could be used to advance future spintronics devices. The grant funding will help facilitate the development of new quantum spintronic laboratory modules at the university, as well as outreach and education activities.

The Sofja Kovalevskaja Award, Germany's most highly-endowned research award for early-research scientists, went this year to Dr Angelo Di Bernardo from Cambridge University. Dr. Angelo was awarded with 1.65 million Euros and will move to the University of Konstant in which he will establish a research hub in the field of superconducting spintronics.

Dr. Angelo's project that won the award is dealing with superconducting spintronics with oxides and 2D materials.

The US National Institute of Standards and Technology (NIST) and its partners in the US Nanoelectronic Computing Research (nCORE) consortium have awarded $10.3 million over four years to establish a spintronics research center in Mineesota.

The Center for Spintronic Materials in Advanced Information Technologies (SMART) will be led by and housed at the University of Minnesota Twin Cities and will include researchers from the Massachusetts Institute of Technology, Pennsylvania State University, Georgetown University and the University of Maryland.

Xiaoshan Xu, assistant physics and astronomy professor at the University of Nebraska-Lincoln (UNL), was awarded with $750,000 from the US Department of Energy (DoE) to advance his spintronics research.

The main target of Prof. Xu's research is to investigate how organic spintronics works, and hopefully advance organic spintronics materials and devices.

Spintronics developed NVE Corporation reported its financial results for Q1 2017. Revenues reached $6.85 million (up 12% from Q1 2016), due to 23% increase in product sales (offset by 49% decrease in contract R&D revenues). net income increased 16% to $3.03 million.

NVE recently introduced three new and improved products; a low-field angle sensor, a new spintronics mangetometer sensor (which is the world's smallest high-performance integrated circuit analog sensor) and the world's smallest high performance isolated network transceiver.