TechNewsWorld: Earlier today, at a developer's forum in Taipei, Taiwan, chipmaker Intel (Nasdaq: INTC) disclosed that it has developed two new, low-priced Itanium processors targeted toward the server market. Servers employing the new processors will be about 28 percent lower in price and up to 25 percent faster than earlier Itanium 2-based servers, the company said.

A 1.4-GHz version of the processor with 3 MB of Level 3 cache is available now, while a faster, 1.6-GHz version with the same amount of cache will be available in May, the company said in a statement. Industry research shows that Intel's two-server architectures make up approximately 85 percent of the server market segment.

"As Itanium 2-based servers push further into enterprise infrastructures, we are able to reduce the overall system cost while increasing the performance," Richard Dracott, general manager of enterprise marketing and planning at Intel, said. "End users will benefit from the flexibility and choice that Intel-based solutions bring to their organizations."

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