This Day in History: July 5

Today: December 3, 2016
Intel Announces Price Cuts to Thwart Competitors

July 5, 1994

Intel Announces Price Cuts to Thwart Competitors

Intel Corp. announced the first of two price cuts on its microprocessors in a move designed to keep rival companies from taking a larger share of its market. Long dominant in the microprocessor industry, Intel tried a number of tactics to make its Pentium chips standard for IBM-compatible personal computers.