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Intel began sales of its high-end Core i7 desktop chips in Tokyo late Saturday night, bringing to market a series of processors that are significantly more powerful than any of the company's current desktop products.

Intel on Wednesday cut its revenue forecast for the fourth quarter, the latest sign that the global financial crisis is leading to a sharp slowdown in IT spending.

Intel hopes a new Web site for developers of embedded devices will convince more companies to use its microprocessors.

Intel officially started selling its dual-core Atom 300 processor on Monday, charging US$43 for the chip.

Intel is gearing up to release the first versions of its Nehalem chip family next month, with the scheduled launch of its Core i7 desktop processors. But users will have to wait much longer to get their hands on the mobile version of the new chip.

Intel president and CEO Paul Otellini has assured customers that the IT industry is not about to enter a "post-dotcom downturn", after the company announced earnings were up in the third quarter, narrowly beating analyst expectations.

Demand for Intel's Atom processor is strong, with computer makers clamoring for more chips to plug into the small, portable laptops called netbooks, but the chips remain in short supply. The problem isn't that Intel can't make enough of the silicon chips -- the company can, and it is -- but availability remains stymied by a testing bottleneck that prevents the chip maker from meeting demand.

Intel on Wednesday said its next low-power chip for mobile phones is being readied for sampling -- progress for the chip maker that has big plans in the mobile space.

The high-end desktop versions of Intel's Nehalem processor family will carry the Core i7 moniker when they are released later this year.

Intel will soon release a version of its Centrino 2 chip package for laptops that takes up less space, opening the door to more ultra-thin laptop designs like Apple's MacBook Air.

With Advanced Micro Devices pushing out a slew of new products this month, its long chilled chip war with Intel may just be heating up again, analysts say.

Intel is slashing the price of some of its processors up to 50 percent, a slap in the face to rival Advanced Micro Devices, long known as the low-price alternative in the chip market.

Intel, STMicroelectronics and investment firm Francisco Partners LP Monday closed a deal to create an independent flash memory chip business.

Intel reaffirmed its Nehalem family of processors is on track to enter production during the fourth quarter, with the first mobile version of the chips to be released next year.

Intel officially unveiled its low-power, newly architected Atom processor line at its Intel Developer's Forum in Shanghai Wednesday.