Intel's new processor — code-named Braswell — will be built into a series of entry-level, low-cost computers later this year, the company announced Thursday.

Braswell (14 nanometers) will succeed Intel's existing 22-nanometer Bay Trail chip. A nanometer is billionth the size of a meter.

According to PCWorld, Braswell will be used in entry-level desktops, notebooks and convertible computer, and more specifically, the chip will make its way to a series of PC computers and about 20 Chromebook designs.

“Last year, we had only four designs on Chrome. Today I can announce that we will have over 20 designs on Chrome,” said Kirk Skaugen, general manager of Intel’s PC Client group.

The chip is expected to have better performance and be more power efficient than the Bay Trail chip, Intel said during the Intel Developer Forum in Shenzhen, China. The company didn't say when the chip will officially launch.

Intel also released its 64-bit Android kernel, which is used when software needs to send a request to the hardware (anything from volume level to device brightness).

"With this release, the company ported, validated and tested the Android Open Source code on IA, taking on the work that developers typically would need to do on their own. This release will provide the ecosystem with 64-bit kernel support for development of next-generation devices," Intel officials said.

Intel also showed off a new media box from QVOD Technology, which is based on the Bay Trail processor and be available later this year.