I. Introduction
Magnetic tunnel junction (MTJ) comprises two ferromagnetic layers (free layer and pinned layer) separated by a tunneling barrier. Binary information can be stored in MTJs corresponding to parallel (P) and anti-parallel (AP) configurations of the magnetizations. The information can be read by measuring the resistance which is low for P and high for AP configurations respectively. Spin transfer torque (STT) produced by application of large positive and negative voltages to the free layer with respect to the fixed layer, stabilizes P and AP configurations respectively, and thus can be used for writing the memory. As ferromagnetic layers with perpendicular magnetic anisotropy (PMA) have lower threshold switching voltage () with enhanced thermal stability, they are preferred over in-plane magnetized layers [1]. Reliability analysis of STT-MRAM (Magnetic Random Access Memory) in terms of write error, tunnel oxide breakdown, temperature variations, etc. have been carried out before [2], [3], [4], [5], [6], [7].