| 1. A magnetoresistive effect element comprising:
a magnetoresistive effect film including a magnetization-pinned layer having a magnetic film whose direction of magnetization
is pinned substantially in one direction, a magnetization free layer having a magnetic film whose direction of magnetization
varies in response to an external magnetic field, a nonmagnetic metallic intermediate layer interposed between said magnetization-pinned
layer and said magnetization free layer, and a resistance adjustment layer interposed between said magnetization-pinned layer
and said magnetization free layer and containing as its major component one material selected from the group consisting of
graphite, As, Sb and Bi, wherein a specific resistance of the resistance adjustment layer ranges from 40 μΩcm to 1 mΩcm; and
a pair of electrodes electrically coupled to said magnetoresistive effect film to supply a sense current substantially vertically
of the film plane of said magnetoresistive effect film.
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