The race for producing low cost processors for netbooks has just set off. Today Freescale announced the launch of its new processor that could  prove too hot for chip maker Intel at its attenuated prices. The netbook equipped with i.MX515 processor and a Wi-Fi wireless networking made by Pegatron would be showcased at the Consumer Electronics Show in Las Vegas between Jan 8 to 11.

Currently Intel's processor Atom exercises monopoly over the netbook space.  Netbooks have become popular after Intel introduced Atom. It is available with notebooks priced at US$299. Freescale's new entry to be placed in $199 netbooks would surely marginalize the costs and set up a competitive market for notebook processors.
The i.MX515 processor developed by Freescale would run on netbooks, low cost laptops. It is designed to carry out the basic computing functions such as running productivity applications and accessing the Internet easier.

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