IBM revealed details of a new chip technology that could dramatically improve the way microprocessors are designed.

While current technology such as the Pentium III processor features 27 million transistors per chip, IBM says electron beam lithography could allow billions of transistors to be placed on a single chip, with designs that could potentially reach the atomic level.

Researchers predict the new technology, being developed by IBM and Nikon, could be made available as early as 2002.

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