Fremont Micro Devices (FMD) was founded in 2003 in Fremont, California and specializes in non-volatile memory products. This privately-held company currently has offices in the United States, Europe, and China. FMD is fabless, meaning that manufacturing is outsourced, so that the company can focus on innovative design and technology. FMD owns or co-owns with foundries most of the technologies used in their products. Electrically Erasable Programmable Read-Only Memory (EEPROM) technology is a type of memory used in electronics to store small amounts of data in a non-volatile setting (i.e. when power is removed).