ananyo writes "Transistors, the simple switches at the heart of all modern electronics, generally use a tiny voltage to toggle between 'on' and 'off.' The voltage approach is highly reliable and easy to miniaturize, but has its disadvantages. First, keeping the voltage on requires power, which drives up the energy consumption of the microchip. Second, transistors must be hard-wired into the chips and can't be reconfigured, which means computers need dedicated circuitry for all their functions. Now, researchers have made a type of transistor that can be switched with magnetism. The device could cut the power consumption of computers, cell phones and other electronics — and allow chips themselves to be 'reprogrammed' (abstract)."