In this paper, we present the vertical magnetoresistive random access memor
y (VMRAM) design based on micromagnetic simulation analysis. The design uti
lizes the vertical giant magnetoresistive effect of the magnetic multilayer
. By making the memory element into a ring-shaped magnetic multilayer stack
with orthogonal paired word lines, magnetic switching of the memory device
becomes very robust. The design also adopts the readback scheme in pseudo
spin valve MRAM so that only one transistor is needed for each bit line whi
ch can connect hundreds of memory elements, yielding a very high area densi
ty. It is estimated that the ultimate area density for the VMRAM is 400 Gbi
ts/in.(2). It is suggested that this memory design has the potential to not
only replace the present semiconductor memory devices, such as FLASH, but
also the potential to replace DRAM, SRAM, and even disk drives. (C) 2000 Am
erican Institute of Physics. [S0021-8979(00)66708-7].