Intel announced to introduce 8th generation of core CPUs to the market by the third quarter of the ongoing FY. The news from the world’s largest semiconductor manufacturer has taken the market by the storm. Intel share price rose by 1% almost instantly the announcement was aired, standing at $35.05 at 9:34 a.m. in NYSE.

According to the announcement, the upcoming range of Intel processors is expected to make a gigantic leap in performance that personal computer users will experience over the years. The range of the products will be available in two variants, Core i7-865OU will run at 1.9 GHz and boosting up to 4.2 GHz. Whereas, the i5-825OU will run at 1.9 GHz, which may be boosted to 3.4 GHz. It is relevant to mention here that the globally renowned processor manufacturing brand, possesses an 80% market share in computer chips. However, it is gradually losing its business monopoly since 2011. This move, according to the experts, is a well-thought out strategy to help Intel ascend back to its former glory.

A newsletter released by the company reveals, the upcoming 8th generation Intel Core CPUs will have quad-core processors and will perform at a 40% higher speed as compared to their immediate predecessor. It is to be noted here, Intel is yet to reveal the price of the upcoming product. Market insiders are of the opinion, the withholding of the price is a part of the manufacturer’s core marketing strategy.

As such, the road ahead may not be very smooth for Intel, as its close competitor Advanced Micro Devices Inc. (AMD) is about to launch an upgraded product pretty soon. This range of AMD computer processors will be built on Zen and is expected to boost performance level to match that of Intel’s. Moreover, the brand announced their product will also be more reasonably priced as compared to the Intel chips.

In this situation, it seems the assortment of 8th Generation Core U-Series processor chips will have an uphill task to register itself as the numero-uno product in the market.