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Chip consortium gathers to outpace Intel

Intel would do well to watch over its shoulder today as a 10-company consortium gathers to plan a double-speed, half-price rival to the Pentium, according to reports.

Fujitsu, Toshiba, NEC and Sony are among chip makers who plan to release specifications for the high-performance CPU by the end of next year, and produce the actual chips in 1998, said the report in Japan's largest business daily, the Nihon Keizai Shimbun.

A single chip will include a microprocessor and memory, the group said.