In this paper, we propose a new exact closed form mutual inductance equation for on-chip interconnects. We express the mutual inductance between two parallel rectangular conductors as a weighted sum of self-inductances. We do not place any restrictions on the alignment of the two parallel rectangular conductors. Moreover, they could be co-planar or reside on different layers. Most important, detailed study shows that our formula is numerically more stable than that derived in  for practical cases of modem on-chip interconnects.
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