Projections in 2008 suggested that racetrack memory would offer performance on the order of 20-32 ns to read or write a random bit. This compared to about 10,000,000 ns for a
hard drive, or 20-30 ns for conventional
DRAM. The primary authors discussed ways to improve the access times with the use of a "reservoir" to about 9.5 ns. Aggregate throughput, with or without the reservoir, would be on the order of 250-670 Mbit/s for racetrack memory, compared to 12800 Mbit/s for a single DDR3 DRAM, 1000 Mbit/s for high-performance hard drives, and 1000 to 4000 Mbit/s for flash memory devices. The only current technology that offered a clear latency benefit over racetrack memory was
SRAM, on the order of 0.2 ns, but at a higher cost. Larger feature size "F" of about 45 nm (as of 2011) with a cell area of about 140 F2. Racetrack memory is one among several emerging technologies that aim to replace conventional memories such as DRAM and Flash, and potentially offer a
universal memory device applicable to a wide variety of roles. Other contenders included
magnetoresistive random-access memory (MRAM),
phase-change memory (PCRAM) and
ferroelectric RAM (FeRAM). Most of these technologies offer densities similar to flash memory, in most cases worse, and their primary advantage is the lack of write-endurance limits like those in flash memory. Field-MRAM offers excellent performance as high as 3 ns access time, but requires a large 25-40 F² cell size. It might see use as an SRAM replacement, but not as a mass storage device. The highest densities from any of these devices is offered by PCRAM, with a cell size of about 5.8 F², similar to flash memory, as well as fairly good performance around 50 ns. Nevertheless, none of these can come close to competing with racetrack memory in overall terms, especially density. For example, 50 ns allows about five bits to be operated in a racetrack memory device, resulting in an effective cell size of 20/5=4 F², easily exceeding the performance-density product of PCM. On the other hand, without sacrificing bit density, the same 20 F² area could fit 2.5 2-bit 8 F² alternative memory cells (such as
resistive RAM (RRAM) or
spin-torque transfer MRAM), each of which individually operating much faster (~10 ns). In most cases, memory devices store one bit in any given location, so they are typically compared in terms of "cell size", a cell storing one bit. Cell size itself is given in units of F², where "F" is the feature size
design rule, representing usually the metal line width. Flash and racetrack both store multiple bits per cell, but the comparison can still be made. For instance, hard drives appeared to be reaching theoretical limits around 650 nm²/bit, defined primarily by the capability to read and write to specific areas of the magnetic surface. DRAM has a cell size of about 6 F², SRAM is much less dense at 120 F². NAND flash memory is currently the densest form of non-volatile memory in widespread use, with a cell size of about 4.5 F², but storing three bits per cell for an effective size of 1.5 F². NOR flash memory is slightly less dense, at an effective 4.75 F², accounting for 2-bit operation on a 9.5 F² cell size. In the vertical orientation (U-shaped) racetrack, nearly 10-20 bits are stored per cell, which itself would have a physical size of at least about 20 F². In addition, bits at different positions on the "track" would take different times (from ~10 to ~1000 ns, or 10 ns/bit) to be accessed by the read/write sensor, because the "track" would move the domains at a fixed rate of ~100 m/s past the read/write sensor. ==Development challenges==