Intel is set to produce a 32Gb NAND flash memory that it jointly developed with Micron Technology. Based on a 34-nanometer technology, it is the smallest NAND process geometry on the market and should result in the production of cheaper solid-state drives.

The company's NAND flash profits have been hit hard as a direct result of a recession-related reduction in consumer spending in high-tech devices utilizing flash memory. Intel's CEO Paul Otellini has unveiled a plan to squeeze these higher-density flash chips into enterprise storage arrays to balance up the loss from consumer sales. Shipments of samples are expected to begin in June, with mass production to follow in the second half of 2008.

For more on Intel's 32Gb flash chips:
- check out this Ars Technica article