Both Companies announced processor breakthroughs within hours of each other. Each claimed their findings would revolutionise the speed and performance of computer-related equipment.Lap-tops, PCs, mobile phones and consumer electronics all may benefit their PR minders screamed.

The latest technology revolves around transistors within a computer, which control current change and are key to functioning electronics. Intel said it has developed a much more efficient and dense transistor - a 45 nanometer transistor - which will operate faster and consume less power.

It will also reduce the problem of leaking current which slows transistor performance. In the past, the smaller the chip, the higher the leakage.

Intel said it will replace the silicon content of a transistor with the ductile metal hafnium, which is also used to make control rods for nuclear reactors.

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