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Intel reportedly cuts processor prices by 48%

Intel, the world's largest chip maker, has cut the price of some processors by as much as 48 per cent as it confronts slumping demand and new lower-cost chips from Advanced Micro Devices Inc., Bloomberg reported.

The price of Celeron 570 processors, designed for laptops, dropped 48 per cent to €54 whereas one of the company's quad-core desktop-computer models, which have four processors on one piece of silicon, dropped 40 per cent to €243, the news agency said.

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