According to one embodiment, a nonvolatile memory includes a memory area including a first magnetoresistive element, and a fuse circuit including a second magnetoresistive element serving as an anti-fuse element and configured to store correction information of the memory area when a defect exists in the memory area. The first magnetoresistive element includes a first storage layer, a first reference layer, and a first insulating film between the first storage layer and the first reference layer. The second magnetoresistive element includes a second storage layer, a second reference layer, and a second insulating film between the second storage layer and the second reference layer.