The relationship between microstructure and giant magnetoresistance (GMR) o
f granular Au80Co20 was investigated. Two different processing routes were
explored. With the melt spinning technique the microstructure appeared to b
e so coarse that it was not expected to exhibit any substantial GMR effect.
On the other hand, with the procedure of solid-solution annealing and wate
r quenching afterwards, a suitable nanostructure was prepared that showed a
GMR of 29% at 10 K and 50 kOe. Subsequent annealing causes coarsening of C
o particles. In additional spinodal decomposition occurred for a certain te
mperature range and a loss of coherency of the Co particles with respect to
the Au was observed with high-resolution transmission energy microscopy. A
t magnetic fields above similar to 20 kOe, all annealed alloys showed a sat
urating magnetization, whereas the resistance is still steadily decreasing,
challenging the presumed mathematical relationship between GMR and overall
magnetization. (C) 2001 American Institute of Physics.