"The memory needed by this VM exceeds the driver limit"

Short tip!

If you run into the error message "The memory needed by this VM exceeds the driver limit." when running a x86 emulator from intel and Android 5 (API level 21), just reinstall HAXM and assign more memory. About 3GB should do it.

Download Intels HAXM from

https://software.intel.com/en-us/android/articles/intel-hardware-accelerated-execution-manager

For more info on setting up HAXM in Parallells, check out Daniels blogpost.

http://danielhindrikes.se/tag/parallels/