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,...

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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