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  AMD, Following Intel, Cuts Chip Prices
Time: 03:07 EST/08:07 GMT | News Source: Associated Press | Posted By: Alex Harris

Advanced Micro Devices Inc. , following rival Intel Corp., has cut prices on nearly all its microprocessors by 7 percent to 52 percent to remain competitive and to make room for new chips it will introduce next month. Advanced Micro Devices, with about 18 percent of the market for microprocessors, the brains of personal computers, said the price cuts range from 7 percent to 52 percent for processors that go into laptop computers. For desktop PCs and servers, the cuts range from 11 percent to 32 percent.

"We're committed to offering compelling solutions at competitive prices," said Cathy Abbinanti, a spokeswoman for Sunnyvale, California-based Advanced Micro Devices. The price cuts are something of a spring ritual for both Advanced Micro Devices and Santa Clara, California-based Intel . PC makers gear up for back-to-school shopping in early summer, so that systems are available in August and September.

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