“…1,2 The standard spin valve consists of two ferromagnetic (FM) layers separated by a nonmagnetic spacer and an antiferromagnetic (AF) layer to pin the magnetization of one FM layer by exchange-bias effect. 3 Early works about spin valves fabricated as giant magnetoresistance (GMR) multilayers mostly focused on the materials and growth of magnetic layers (disordered and ordered AF materials, 4,5 crystalline and amorphous FM materials 6,7 ), treatment and processing (magnetic annealing, 8 rapid annealing, 9 oxidation 10,11 ), and structural modification (current-perpendicular-to-plane geometry, 12,13 synthetic antiferromagnets, 14,15 dual spin valve, 13,16 lateral spin valve 17,18 ), 19 leading to the improvement of sensitivity, areal density, magnetoresistance (MR) ratio, exchange-bias field, and so forth. Later on, wide-band gap metal oxides, mainly MgO and Al 2 O 3 , have been used as the tunnel barrier in spin valves and pseudo spin valves deposited as tunneling magnetoresistance (TMR) multilayers, achieving significantly higher MR ratios.…”