DailyTech reports that AMD will drastically cut prices on its desktop processors after the July 23rd release of Intel's Core 2 Duo Conroe processors. The memos that DailyTech has secured are between AMD and Japanese system manufacturers and indicate the following price cuts will become effective July 24th, 2006:

• AMD Athlon 64 price cuts will receive price cut up to 30%
• AMD Athlon 64 X2 will receive price cuts up to 50%
• AMD Sempron processors will receive price cuts up to 15%

The memos only mention the AM2 processors; however the AM2 parts are now priced identically with Socket 939 components.  AMD has previously indicated that the aim of the AM2 processors was to be price competitive with its legacy components.