Advanced Micro Devices this week started shipping a 700MHz version of its new Athlon microprocessor series.
Athlon is AMD's new family of chips aimed at high-performance desktops, workstations and servers.
In a statement on Monday, AMD touted the 700MHz Athlon as the fastest x86 processor in the world, speedier and more powerful than rival Intel's fastest 600MHz Pentium III processors.
Both Compaq and IBM plan to shortly announce the availability of PCs powered by the newest member of the Athlon chip family, AMD said.
The 700MHz Athlon features 3DNow technology for enhanced multimedia performance, and a 200MHz system bus interface based on the Alpha EV6 bus protocol, AMD said.
Available immediately, the processor costs $US849 in 1000-unit quantities, the company said.
Besides the new Athlon family member, at the Microprocessor Forum in San Jose this week, AMD is expected to give attendees a preview of its next-generation processor core, code named K8.