Intel Cancels Larrabee Discrete Graphics Card

Intel announced on its blog that it "will not bring a discrete graphics product to market" - at least for now. The company has changed its focus to processor graphics. Some of Intel's current Core series processors feature Intel HD integrated graphics on the processor chip itself.
Intel says that "we believe media/HD video and mobile computing are the most important areas to focus on moving forward."
Source (Blogs.Intel.com)
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