Intel picks “Atom” as name for new chip family

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Intel Corp has picked “Atom” as the new brand name for its latest microprocessor, the world’s largest semiconductor company said.

The Intel Atom processor is the name for the new family of low-power processors, the brains of digital devices, that will power mobile Internet devices and ultra low-cost and small notebook and desktop personal computers.

Intel (INTC.O: Quote, Profile, Research) sees a big market for the Internet-connected devices that can fit in one’s pocket and for what it is calling the netbook, a low-cost PC costing around $250.

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