Intel and Micron have just announced the development of a new Multi Level Cell NAND Flash based on a 34nm fabrication process using three-bits-per-cell.

The 2 companies say this will allow them to produce 32Gb chips smaller and cheaper than those currently available on the market.

These developments are quite important for the penetration of SSDs into the consumer level market due to the fact that SSDs tend to have much smaller capacities than conventional HDDs.