AMD and Cyrix to cut chip prices

AMD and Cyrix are on the verge of cutting their chip pricing following in the wake of Intel's Pentium II and Pentium MMX cuts this week.

AMD is expected to cut prices in the next couple of days to bring it back in line with is policy to always be a quarter cheaper than Intel.

"We'll definitely follow suit," said Richard Baker, AMD's European marketing manager for PC products, "and to be honest, I'm not sure when or by how much but it will be very soon. Of course, it is our policy to be 25 per cent lower than Intel."

Cyrix is also expected to make cuts in its pricing but no one at the company would say by how much or when, although sources suggest the company is gearing up for the back end of next week.