IBM researchers are working on a new storage technology called "Racetrack Memory" which could boost the storage capacity of electronic devices by 10 to 100 times.
Mr. Parkin’s new approach, referred to as “racetrack memory,” could outpace both solid-state flash memory chips as well as computer hard disks, making it a technology that could transform not only the storage business but the entire computing industry.
“Finally, after all these years, we’re reaching fundamental physics limits,” he said. “Racetrack says we’re going to break those scaling rules by going into the third dimension.”
His idea is to stand billions of ultrafine wire loops around the edge of a silicon chip — hence the name racetrack — and use electric current to slide infinitesimally small magnets up and down along each of the wires to be read and written as digital ones and zeros.
His research group is able to slide the tiny magnets along notched nanowires at speeds greater than 100 meters a second. Since the tiny magnetic domains have to travel only submolecular distances, it is possible to read and write magnetic regions with different polarization as quickly as a single nanosecond — far faster than existing storage technologies.
If the racetrack idea can be made commercial, he will have done what has so far proved impossible — to take microelectronics completely into the third dimension and thus explode the two-dimensional limits of Moore’s Law, the 1965 observation by Gordon E. Moore, a co-founder of Intel, that decrees that the number of transistors on a silicon chip doubles roughly every 18 months.