Instead, current employees will be absorbed into other divisions within Intel.

ENGADGET: Intel will discontinue desktop motherboards following Haswell release

"Unfortunately, the increases in costs that we have seen since making this pledge can no longer be absorbed and mean that we are unable to keep prices at their current levels beyond this autumn, " he added.

BBC: SSE to raise gas and electricity prices

Nelson says the prototype will collect 25 percent of the sunlight hitting the cell (about six to ten percent better than current technology) by trapping photons inside a bowl-like photovoltaic chamber until it they are absorbed.

FORBES: Connect