“A material with superfast electrons that exhibits extremely large magnetoresistance may be suitable for use in electronic components. It may be significantly easier to design electronic components in future. Scientists at the Max Planck Institute for Chemical Physics of Solids have discovered that the electrical resistance of a compound of niobium and phosphorus increases enormously when the material is exposed to a magnetic field. This giant magnetoresistance, which is responsible for the large storage capacity of modern hard discs, was previously known to occur in some complexly structured materials.”