Intel and AMD could have a new competitor on their hands


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Lyric Semiconductor has yet to make a name for itself in the microprocessor market - but its technology could become common in the future.

The company, which was spun off of the Massachusetts Institute of Technology, unveiled last week a processor that it says can compete with those produced by Intel ( INTC ) and AMD. Lyric's technology is up to 1,000 times faster than the x86 processors that are in wide use today.

What's unique about the company's chips is that they use transistors to express code in a non-binary fashion. The chips' output, therefore, can calculate probabilities - meaning that Lyric's processors could have a myriad of potential applications.

"After a decade of development, we have no shortage of opportunities for our probability processing technology," Lyric co-founder Ben Vigoda said. Nevertheless, the company isn't quite ready to bring its chips to market.

"We are currently focused on a modest list of both short and long-term applications that will see enormous gains in performance," Vigoda noted.

When Lyric does begin offering its chips commercially, they could help make computers much faster. Intel and AMD may need to step up their game.

By Benjamin Foster ADNFCR-1724-ID-19930564-ADNFCR

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Personal Finance Technology
Referenced Stocks: INTC

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