Hard drive manufacturer Seagate Technology recently announced its strategic partnership with chip maker Micron Technology to collaborate on building next-gen solid state drives (SSDs). Both companies will initially work on NAND and next-generation SSDs, but will soon engage in developing enterprise storage solutions by using NAND flash memory developed by Micron. Under the agreement, Seagate will source NAND flash chips from Micron that will enable the hard-drive maker to expand its SSD product offerings and ensure cost savings on raw materials. Micron is a key NAND chip manufacturer with a 12% market share in the global NAND flash market.