A magnetoresistive random access memory is provided. The magnetoresistive random
access memory includes a first magnetic layer of which the direction of a magnetic
vector is fixed, a second magnetic layer which is positioned in parallel with the
first magnetic layer and of which the direction of a magnetic vector is reversible,
and a non-magnetic layer interposed between the first and second magnetic layers,
the second magnetic layer having an aspect ratio of 2 or less, a thickness of 5
nm or less, and a saturation magnetization of 800 emu/cm3 or less. The
magnetoresistive random access memory has kink-free, magneto-resistance characteristics,
thereby exhibiting high selectivity regardless of process capability.