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When Intel typically develops and debuts a new microprocessor to the computer buying public, it usually gets fanfare around new high speeds attained — and, of course, the higher price point. The Santa Clara, Calif.-based company may be bucking its own trend the next time around, however, as it finishes development of a new low-priced, smaller-sized chip code named “Diamondville.”

IntelThis new chip, the result of advances in smaller “wafer”-making capabilities, is geared for low-cost notebook computers. We’re talking less than $250 each.

While the new chip won’t break speed records, it will make it possible for computer makers to develop new notebook and desktop PCs that serve basic, everyday functions, such as e-mailing, scheduling and organizing. (Can you think of a few family members who would benefit from such an accessible, inexpensive device?)

Intel expects big-name PC makers to get in on the action once the new chip — the official brand-name is yet to be decided — is available.

We’ve already seen that you can get some great laptops for under $500, but it looks like we can expect more computing options at better price points in the not too distant future.

From The Wall Street Journal.

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