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 $70 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 $316, the news agency said.
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