IM Flash Technologies is a joint venture between Intel and Micron which produces NAND flash memory. With a focus on research and development, IMFT has doubled NAND density approximately every 18 months. In 2006, they started production with a 50nm process, then moved to a 40nm process in 2008. This inevitably leads to smaller, more affordable products featuring higher capacities, much like we have witnessed in the SSD market and among USB drives the past couple of years.
February 1, 2010 marks the official announcement of 25 nanometer NAND technology--a major advancement for the company. Intel and Micron now lay claim to the smallest production ready semiconductor process technology in the industry. More info at HotHardware.