Intel is preparing to reduce prices and ramp up the speeds of its Core Duo processors, as used in modern Macs.

The new prices are scheduled to be introduced on May 28, according to The Inquirer. Faster processors are expected to debut soon after, "but this is only the start of better things from Intel later this year", the report explains.

At the high-end, Intel's 2.16GHz processor will see its price cut from $637 to $423; while the 1.66GHz chip should cost around $209, rather than $240.

An earlier February report by AppleInsider made similar claims. It also suggested that the new price plan "may make way for Intel's 2.33GHz Core Duo processor".

It speculated that the new and faster chip may be used to power Apple's yet-to-be introduced 17-inch MacBook Pro.