From UVAToday:

In a case of “smaller is better,” a team of University of Virginia researchers has received a $3.4 million grant from Defense Advanced Research Projects Agency with the goal to shrink computing memory bits to a nanoscale.

Using tiny magnetic structures called ”skyrmions,” researchers hope to reduce the amount of energy needed to move memory bits and expand memory capabilities in the same amount of space.

The UVA team consists of lead principal investigator Avik Ghosh, a professor in the Department of Electrical and Computer Engineering and Department of Physics; Joseph Poon, William Barton Rogers Professor of Physics and chair of that department; Prasanna Balachandran, assistant professor in the Department of Materials Science and Engineering; and Mircea Stan, a professor in the Department of Electrical and Computer Engineering. Other co-principal investigators include Professor Geoffrey Beach at the Massachusetts Institute of Technology and Professor Andrew Kent in New York University. The program kicked off earlier this month.

For the full story, see https://news.virginia.edu/content/researchers-received-darpa-funding-shrink-computing-memory