MRAM Technology and Market Trends
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MRAM Technology and Market Trends Simone Bertolazzi, Ph.D. Technology and Market Analyst, Yole Développement 1 Yole’s Global Activity 2 Yole Développement - Fields of Expertise Life Sciences Semiconductor Semiconductor & Healthcare & Software & Software o Microfluidics o Package, Assembly & Substrates o BioMEMS & Medical Microsystems o Semiconductor Manufacturing o Inkjet and accurate dispensing o Memory o Solid-State Medical Imaging & BioPhotonics o Software & Computing o BioTechnologies Life Photonics, Sciences & Sensing Healthcare & Display Power Photonics, & Wireless Sensing & Display o RF Devices & Technologies Power & Wireless o Solid-State Lighting o Compound Semiconductors & Emerging Materials o Display o Power Electronics o MEMS, Sensors & Actuators o Batteries & Energy Management o Imaging o Photonics & Optoelectronics 3 About Yole’s Memory Team Walt Coon Mike Howard Simone Bertolazzi, PhD Ivan Donaldson Emilie Jolivet VP of NAND VP of DRAM Technology & Market Analyst VP of Yole Finance Division Director and Memory Research and Memory Research Memory Semiconductor & Software Experience: Experience: Experience: Experience: Experience: 20 years in Memory 15 years in Memory 8 years in Emerging 14 years in Semiconductor 9 years in Equipment, Semiconductors and Devices Industry Strategy, Business Manufacturing, Processing Development, and IR At Yole: At Yole: At Yole: At Yole: At Yole: NAND DRAM Emerging Memory Manages all services Embedded Technologies, and relationships 3DIC & Manufacturing for global financial clients 4 Memory Technologies Focus of Yole’s NAND and DRAM Market Monitors (published every quarter) Focus of MRAM Technology and Business 2019 and Emerging Non-Volatile Memory Report (updated every year) 5 Outline o Overview of the Memory Market Established and Emerging Memory o (STT-)MRAM Technology - Overview Comparison with Other Memory Technologies o (STT-)MRAM Market and Ecosystem Applications & Players’ Dynamics Market Projections and Outlook 6 Stand-Alone Memory Market - Overview • NAND and DRAM account for ≈97% of the overall stand-alone memory market. • Combined NAND and DRAM revenue was ≈ $160 billion in 2018, up 26% from 2017. 2018 Memory Market - Breakdown by Technology 180 70% 64% 160 60% Growth (%) of Revenue 140 50% 120 40% 100 30% 80 26% Revenue in $B Revenue 20% 60 10% 40 1% 20 -1% 0% 0 -10% Total Stand-Alone Market in 2018 ≈ $165 billions 2015 2016 2017 2018 2019 DRAM NAND Source: “Status of the Memory Industry” Report (May 2019), NAND and DRAM Memory Research Service by Yole 7 Emerging NVM Market - Overview • Flash NAND and DRAM will maintain their leading position over the next five years thanks to new technical solutions enabling further scalability. • Emerging NVM is gaining significant momentum, but will remain below 3% of the total stand-alone memory market. ~0.2% Yole Développement © 2019 ≤ 3% ~$165B ~$150B ~$190B 2018 2020 2023 Total Memory Market CAGR2018-2023 ~3% Established Memories (Stand-Alone) Emerging NVM (Stand-Alone) Source: “Emerging NVM” and “Status of the Memory Industry” Reports by Yole 8 Emerging NVM Applications Stand-Alone Embedded Industry & NVM in MCU, transportation, Enterprise Mass storage Cache in mobile Cache in high- NVM for artificial Client SCM SoC and consumer SCM memory devices end processors intelligence ASIC/ASSP electronics IoT Journal Industrial automation Workstation Smartphones NAND & tablets CPU In-memory memory Smart card computing Databases Last-Level Cache (SRAM and eDRAM) Smart meters Notebook General purpose Persistent memory (NVDIMM) Source: “Emerging NVM” Report by Yole Automotive Automotive Increasing density Increasing density 9 Stand-Alone vs Embedded NVM • Stand-alone memory will be the dominant market and is driven primarily by Storage Class Memory (SCM) enterprise and client applications (3D XPoint). • Embedded applications are gaining momentum and will be reaching 16% of the emerging NVM market by 2023 Yole Développement © 2019 2% 2% 16% ~$280 ~$2.4 ~$7.2 2018 2020 2023 84% 98% 98% Emerging Memory Market CAGR2018-2023 ~104% Stand-Alone Emerging NVM Embedded Emerging NVM Source: “Status of the Memory Industry” and “Emerging NVM” Reports by Yole 10 Opportunities for New Memories Low density Medium density High density 10,000 Yole Développement © 2019 1,000 Ind., transp., and CE Embedded NVM Stand-alone NVM 100 Cache in high-end processors (eDRAM) Mainstream memory Embedded NVM in MCUs, SoCs... Enterprise storage SCM M 10 Bubble size corresponds to the total accessible Price per Gb ($/Gb) Gb per Price Cache in mobile devices market (TAM) size in 2018 1 Enterprise/Client SCM S Emerging NVM DRAM scalability improvement 0.1 Sources: “Emerging NVM” and “Status of the Memory Industry” NAND (May 2019) Reports by Yole 0.01 1 Mb 10 Mb 100 Mb 1Gb 10Gb 100Gb 1 Tb Chip Density 11 Memory Technology Comparison 2018 stand-alone commercial products performance PCM Flash Flash STT-MRAM RRAM DRAM 3D XPoint NAND NOR Non-volatile YES YES YES NO YES YES YES Byte addressable YES YES YES YES YES (but not for erase) Endurance High (>109) Medium (107) Low (106) High (1015) Low (105) Low (105) (# cycles) Maximum density 256Mb 128Gb 4Mb 16Gb 1Tb 2Gb for products in 2018 (1Gb ready) Cell size Medium Small Medium Small Medium Very small (4/96L) (cell size in F2) (6-30) (4/2L) (6-30) (6-8) (6-30) Speed Fast Fast Medium Fast Slow Slow write (Latency) (~10 ns) (10-100ns) (~100 ns) (~10 ns) (100,000ns) (100,000ns) Switching Power Medium/Low Medium Medium Low High High 2018 price High Low High Low Very low Medium ($10/Gb) ($/Gb) ($10-100/Gb) (≤ $0.5/Gb) ($100 - 1000/Gb) ($0.97 Gb) ($0.03/Gb) Samsung, Micron, Micron, Winbond, Samsung, Micron, SK Key suppliers Everspin, Avalanche Micron/Intel Adesto, Fujitsu Toshiba, WDC, SK Macronix, Cypress- hynix, Nanya hynix, Intel Infineon, GigaDevice 12 Memory Technology Comparison 2018 stand-alone commercial products performance Pricing position in 2018 ($/Gb) Price 1000 5: best value 5 100 0: worst value Data Storage Yole Développement © 2019 4 10 1 3 0.1 2 0.01 NAND PCM DRAM NOR STT-MRAM RRAM 1 Speed 0 Density Density position in 2018 (Gb) 10000 1000 100 Yole Développement © 2019 NAND 10 PCM 1 DRAM 0.1 NOR 0.01 Working Memory STT-MRAM 0.001 NAND PCM DRAM NOR STT-MRAM RRAM RRAM Endurance 13 Stand-Alone STT-MRAM Roadmap Chip density and technology node scaling - Comparison with DRAM • STT-MRAM will target enterprise storage (SCM) applications for a long time before trying to substitute DRAM. Stand-alone memory density roadmap (Gb) Technology-node scaling (nm) 2018 2019 2020 2021 2022 2023 2024 2018 2019 2020 2021 2022 2023 2024 100 45 40 35 10 30 25 20 Density (Gb/die)Density 1 15 echnology Node(nm) echnology T 10 5 0.1 0 DRAM STT-MRAM DRAM STT-MRAM 14 Embedded Memory Technologies Comparison of embedded technologies (based on technical literature data) 5: best value Standby Power SRAM 0: worst value 5 eDRAM 4 Among established eFlash 3 and emerging Endurance Cell Size STT-MRAM embedded memory 2 PCM technologies, STT- MRAM is promising 1 RRAM as it offers a 0 combination of persistence, low- power consumption, high speed and high Read Speed Write Energy endurance Write Speed 15 Embedded MRAM is Taking Off! Embedded Memory Technology Highlights 30 • eFlash scaling is reaching its end: 28nm/22nm will be likely the last technology nodes. • SRAM scaling is also slowing down. The cell footprint 20 (# of F2) degrades at advanced FinFET nodes • STT-MRAM offers non-volatility together with low power Code/Data Storage (eFlash-like) consumption, which is ideal for low-power MCUs, Working Memory (slow SRAM-like) wearables and IoTs. Technology (nm) Node Technology 10 LL Cache Memory (replace eDRAM/SRAM) • STT-MRAM offer a significant density gain over SRAM. At advanced nodes (≤1xnm) more than ×3 gain. Thanks to strong support of top foundry/IDM players and equipment suppliers, embedded STT-MRAM is poised to 0 become the next embedded NVM solution for nodes ≤28nm. 2018 2019 2020 2021 2022 2023 2024 SRAM eFlash eMRAM 16 (STT-)MRAM Applications Stand-alone Embedded Industry, Code/Data Storage “Working” Memory Cache Memory transportation, Enterprise Storage Persistent Memory (Slow SRAM) (SRAM, eDRAM) and other (eFlash) NVSRAM MCU, ASSP, ASIC, SoC CMOS Image Sensors Industrial Storage Accelerators Image memory buffer NVDIMM CPU automation Network Interface Cards Persistent Memory for Servers Transport Aerospace 2023+ IoT / Wearables Display Driver ICs Medical Tcon, memory buffers Gaming Mobile AP General Purpose Network & Infrastructure Solid State Drives 2023+ Write caching, journaling, logs, data buffering and Edge AI accelerator chips In memory computing streams Automotive Required Speed/Density Required Speed/Density 17 The MRAM Ecosystem is Growing An increasing number of players are involved in the MRAM arena MRAM IP and Design Players in mass production or close to mass production Embedded MRAM manufacturers 40nm, up to 128Mb 40nm, 28nm (256M, 1Gb) Toggle Manufacturing Expected: 28nm, 22nm Stand-alone MRAM manufacturers 18 Embedded MRAM Business Key partnerships and developments for leading players. Foundry / IDM To be announced (STT-)MRAM Players - Partners CMOS bulk FD-SOI 22nm FD-SOI 28nm CMOS bulk CMOS 22nm Technology planar 22nm planar planar 28/22nm planar FinFET 28/22nm Process (in mass (sampling) (sampling) (in development) (sampling) production) Expected Short- eFlash eFlash “Slow” SRAM eFlash “Slow” SRAM “Slow” SRAM Term Application “Slow” SRAM “Slow” SRAM 19 Embedded MRAM Business Challenges and developments by equipment suppliers