Intel (INTC) - Get Intel Corporation (INTC) Report was up 3.2% in early afternoon trading after the chipmaker unveiled two faster Pentium 4 processors, advertised with speeds of 1.6 gigahertz and 1.8 gigahertz.

The company also said it had stepped up the rollout of its 2 gigahertz design, which will now be available later this quarter.

The 1.8 gigahertz chip is priced at $562 each in quantities of 1,000, while the 1.6 gigahertz version is $294.

Rival

Advanced Micro Devices

TheStreet Recommends

(AMD) - Get Advanced Micro Devices, Inc. Report

was also up 3.2%. The

Semiconductor Index

(SOX)

was up 2%.