IBM announced the on time release of it's new server chip: Power7 Chip, which is a rarity in the current environment where many companies are forced to announce delays and project cancellations. The chip is planned to release in the first half of next year.
Servers that currently use the Power6 chip will be able to replace it with the newer technology at the time of release. IBM and Sun, companies that build Unix based powerhouse servers for banks, telecommunications companies and other large businesses, build their own chips which has been a great source of profit for the companies.
With the bleak economy, Sun has struggled as many businesses have held off new purchases -- making due with existing technologies. Oracle caused a big disruption in the server market with its take over of Sun. Sun has claimed about one-third of the Unix server sales.