An overview is given of the fabrication, basic properties, and physics of t
he spin-valve transistor. We describe the layout of this three-terminal fer
romagnet/semiconductor hybrid device, as well as the operating principle. F
abrication technologies are discussed, including vacuum metal bonding. We c
haracterize properties of the device relevant for possible applications in
magneto-electronics, such as relative magnetic response, output current, an
d noise behavior. Furthermore, we illustrate the unique possibilities of th
e spin-valve transistor for fundamental studies of the physics of hot-elect
ron spin transport in magnetic thin film structures. (C) 2001 American Inst
itute of Physics.