Intel slashes processor

Intel Corp is slashing prices on a number of its processors, including cuts of up to 40 percent on some of its higher-powered, faster quad-core chips, as the world's largest chip maker copes with weakening demand.
The company, which called the changes part of regularly scheduled price moves, is confronting slumping demand brought on by the global economic slowdown, along with new, cheaper chips from Advanced Micro Devices Inc.
Intel reduced the price of its Core 2 Quad Q9650 chip, which is used in desktop computers, to $316 from a $530 list-price in December. It lowered prices on other Core 2 Quad chips by 16 to 20 percent. Quad-core chips have four processors on one piece of silicon.