Intel Cuts Price of PC Chips as Much as 24%

From Bloomberg News

Intel Corp., the world’s biggest maker of computer chips, lowered the price of some semiconductors by as much as 24% to spur demand for personal computers.

Intel cut the price of the 2.3-gigahertz Celeron chip 24% to $89, according to the firm’s Web site. Intel also reduced prices for other Celeron microprocessors with speeds ranging from 2.1 GHz to 2.4 GHz.

Intel shares rose 47 cents to $18.75 on Nasdaq.