Smallest NAND Flash Engraving Process by Intel and Micron

Intel and Micron unveiled the first flash memory chips (4 GB) produced by sub-40nm engraving process. This 34nm process was jointly developed and manufactured by both companies via their NAND flash joint venture, IM Flash Technologies (IMFT).
This is the smallest NAND process geometry on the market, and when applied on 300 mm wafer, one could then produce around 1.6 TB of NAND flash storage space.
Of course, such technology breakthrough will be useful for speeding mass production and adoption of SSD. One can already dream of a notebook-dedicated 512 GB SSD with a reasonable price.