We present a theory for the Ruderman-Kittel-Kasuya-Yosida (RKKY) interaction mediated by a two-dimensional (2D) electron system subjected to periodic driving. This is demonstrated for a heterostructure consisting of two ferromagnets laterally sandwiching the 2D metallic spacer. Our calculations reveal new non-analytic features in the spin susceptibility. For weak light-matter coupling, the RKKY interaction shows oscillations with a period tunable by the light amplitude and frequency. For stronger light-matter coupling, the interaction becomes non-oscillatory and remains purely ferromagnetic.
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