In 1975, Julliere observed the TMR effect in the Magnetic Tunnel Junction (MTJ) sandwich structure (Co / Ge / Fe). The MTJ basic structure is (ferromagnetic / nonmagnetic insulating layer / ferromagnetic) or (FM / I / FM). However, this finding did not attract a lot of attention. Progress was gradual on the TMR effect over the next decade or so. The Spin-Dependent Tunneling (SDT) effect is the physical mechanism of the resistance change that one measures as TMR.
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