Giant magnetoresistance discovery (1988)
Albert Fert and Peter Grünberg independently discovered that electrical resistance changes dramatically in layered magnetic structures. The effect, called giant magnetoresistance, was found in thin films of alternating magnetic and non-magnetic layers.
IBM developed GMR-based read heads in the 1990s, leading to a 1,000-fold increase in disk memory capacity.
The discovery launched the field of spintronics and won the 2007 Nobel Prize in Physics.
GMR showed how a fundamental discovery about electron spin could transform consumer electronics. Altermagnetism could follow a similar path from lab to market.
