Abstract: Embodiments of the invention set forth a nonvolatile memory element with a novel variable resistance layer and methods of forming the same. The novel variable resistance layer includes a metal-rich host oxide that operates with a reduced switching voltage and current and requires significantly reduced forming voltage when manufactured. In some embodiments, the metal-rich host oxide is deposited using a modified atomic layer deposition (ALD) process. In other embodiments, the metal-rich host oxide is formed by depositing a metal-containing coupling layer on a host oxide and thermally processing both layers to create a metal-rich composite host oxide with a higher concentration of oxygen vacancies.