Crocus Technology, a developer of magnetic semiconductors, announced the acquisition of NXP Semiconductors' MRAM patent portfolio. These patents provide fundamental MRAM intellectual property rights in multiple geographies worldwide, including North America, Europe and Asia.

With this recent acquisition, Crocus holds over 100 issued and pending patents in magnetic semiconductor technology covering magnetic materials, devices, and design and product technology.

Excluding this NXP acquisition, the bulk of Crocus' patents have been developed by Crocus engineers and scientists or result from its exclusive partnership with Spintec, a magnetic research laboratories based in Grenoble, France.