Intel Corporation, the world’s largest chip maker announced today the new “Ultrabook” under development with its technology will cost around $1,000, but the price is expected to fall down to $799 in the coming years.

A price that high (expected to be slimmer, lighter and faster than other conventional laptops) would bring Ultrabook closer to tablets in terms of pricing. The company is not expecting these new units to be in the direct competition as they also cater to different categories of consumers with different needs.

Mooly Eden, Intel Vice-President and PC Client Group General Manager, said “Initially, the Ultrabooks . . . → Read More: Intel’s New Ultrabook Costs Almost $1,000