Exchange-split bands in a ferromagnet generally give a different spin-resolved density of states for each spin branch, and . If spin is approximately conserved across a multilayer, its two spin channels conduct in parallel. A spin valve combines a comparatively fixed reference-layer magnetization with a soft free layer that rotates in a small applied field. Its readout depends on the relative angle, not simply the absolute spin population. Biasing the layers near a perpendicular alignment gives a useful linear response instead of operating at the flat parallel/antiparallel extrema.
In giant magnetoresistance, a metallic spacer separates ferromagnetic layers. Spin-dependent bulk and interface scattering make their channel resistances unequal. The density of available final states influences scattering of more mobile states; however, a large total density of states does not by itself guarantee a large conductivity. The scattering-weighted spin-channel asymmetry also involves velocity and scattering matrix elements. In the elementary identical-layer two-current resistor model, let each magnetic layer have resistances in the two spin channels and neglect spacer resistance. Parallel moments give channels and , while antiparallel moments give in each channel. ThereforeOne favorable spin channel traverses both aligned layers efficiently; reversal removes that common easy path. A conducting spacer adds resistance, and spin mixing weakens the separate-channel approximation. The channel asymmetry is material/interface dependent, so positive magnetoresistance is not a theorem for every pair of different ferromagnets.[ref]
Spin dependent transport: GMR & TMR by Alain Schuhl and Daniel Lacour. §§2.1–2.2, pp.947–948, spin-dependent scattering and two-current construction
In tunnelling magnetoresistance, the spacer is an ultrathin insulator and current flows across a magnetic tunnel junction. In the simple spin-conserving density-of-states tunnelling magnetoresistance model, assume spin-independent matrix elements and low voltage. Available initial and final states giveWriting and , these become and . ThusThe effective tunnelling polarization can depend on the barrier and orbital symmetry, not just a bulk density-of-states sketch. Crystalline MgO junctions exploit symmetry-selective transmission, so the elementary product model is not a quantitative universal formula for them.[ref]
Giant room-temperature magnetoresistance in Fe-MgO-Fe junctions by Shinji Yuasa and others. 2004 publisher abstract, crystalline MgO junctions and large room-temperature response
Both devices convert a free-layer rotation into an electrical change. A useful approximate GMR interpolation is ; the elementary tunnelling model instead gives . The spin-valve small-field sensitivity is a chain rule,magnetic anisotropy, biasing and pinning set the rotation susceptibility. Conducting-spacer GMR usually offers low resistance and supports current-in-plane or current-perpendicular geometries. TMR uses perpendicular tunnelling, often offers a larger fractional signal and a larger resistance-area product, but demands uniform, stable barriers and has bias dependence and breakdown limits. Neither is automatically the better small-field sensor: heating, Johnson and low-frequency noise, domain switching, hysteresis and stability set the detectable field. Reverse sweep direction, vary current and temperature, and independently test reference-layer pinning to distinguish a reproducible magnetic signal from drift or heating.
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