Feeds

Intel pledges 60 per cent price cuts

Don't buy that PC just yet...

The Essential Guide to IT Transformation

Intel says new technology will let it get chips to market faster, allowing it to cut prices by as much as 60 per cent.

An Intel spokesman told Reuters: "We have a more aggressive product and manufacturing ramp, so those older Pentium products will move down faster. It's not like we're cutting prices for the sake of cutting prices."

The company will move more quickly to 65nm production of its Core chips than it has done in the past. This means it should have mid-priced chips ready to replace Pentium chips faster than usual when it moves technologies.

The Core chips are due next month, with a laptop version arriving in August.

Sources at Taiwanese board manufacturers told Bloomberg the price cuts will start 23 July.

Despite this, Intel shares fell to a three year low on Nasdaq, losing more than a third of their value in the last year. Shares in rival AMD have almost doubled.

More from Reuters here and Bloomberg here. ®

Boost IT visibility and business value

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.