A recent report by HKEPC shows that Intel will be cutting the prices of certain key SKUs to make them and the price-point they're targeting, more competitive. For instance, until now available for over US $500, and replaced by the Core i7 960, the Core i7 950 (LGA1366, 3.06 GHz, quad-core) chip will be placed at the $294 price-point, displacing the Core i7 930 2.80 GHz chip. With the value segment, the socket LGA1156 Core i3 500 series chips will have a new SKU, the Core i3 560. This dual-core chip is clocked at 3.33 GHz, and priced at $138. Intel has recently released its new $200 LGA1156 quad-core chip, the Core i5 760 2.80 GHz. The new pricing will be effective from August 29.