Intel Corp. reportedly prepares a dual-core processor, which would be very affordable, but will not be really fast, some Asian web-sites reported recently. The chipmaker may offer the new Intel Pentium D 805 product to those, who require serious multitasking, but whose applications are not generally demanding for computing power.

Intel Pentium D 805 will operate at 2.66GHz, will contain 2MB L2 cache (1MB per core) and will use 533MHz processor system bus, reports HKEPC web-site. Currently the most affordable Intel dual-core processor is Intel Pentium D 820, which functions at 2.80GHz and utilizes 800MHz Quad Pumped Bus.

According to a short report published by the Asian web-site, the new Pentium D 805 would be mainly promoted among system makers in conjunction with inexpensive Intel 945GZ core-logic, which is only expected to be available in the beginning of next year, which may indicate that Intel’s 2.66GHz dual-core chip is not something, which will be available shortly.

Intel’s 945GZ core-logic will support processors with 800MHz and 533MHz processor system bus, will feature single-channel DDR2 memory controller, will integrate Intel GMA950 graphics core and will lack PCI Express x16 port for graphics cards, according to certain reports. By contrast, current Intel 945-series chipsets support processors with up to 1066MHz processor system bus, dual-channel DDR2 SDRAM controller as well as feature PCI Express x16 slot for graphics cards.

Intel Pentium D 805 is likely to cost less than $241, the price at which Intel Pentium D 820 is sold.

The company’s arch-rival Advanced Micro Devices is reportedly also preparing relatively affordable dual-core chips, but those are unlikely to cost less than $300 within the next couple of quarters.

Intel did not comment on the news-story.