Stanford University along with three other Californian schools are researching spintronics, a technology that could lead to computers that begin working as soon as the power comes on. This technology uses the spin of an electron to carry digital information.
Researchers say that chipmakers in the coming years will likely hit a barrier in Moore's Law that could prevent chip designers from gaining performance by shrinking their chips, the engine behind the exponential growth in computer power for more than three decades.
"Simply put, today's devices, which are based on complementary metal oxide semiconductor standards, can't get much smaller and still function properly and effectively. That's where spintronics comes in," said UCLA engineering professor Kang Wang, who will act as director of the institute.