Intel introduced an Itanium processor 9300 series developed under the code name "Tukwila" that it touts as delivering twice the performance of prior generation chips.
The 9300 series features two billion transistors per chip and four "cores," mini-brains that process data.
"With the Gartner Group predicting a 650 percent growth in IT data over the next five years, businesses need increasingly powerful and scalable enterprise servers," Intel said in a release.
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Intel also said the chips are built to improve the ability of computer systems to recover from otherwise fatal errors.
IBM launched new Power7 servers built to manage intensely demanding computing environments such as smart electrical grids or real-time financial markets analysis.
Power 7 chips at the heart of the systems perform four times as fast as the previous generation Power 6 microprocessors, tending to 32 tasks simultaneously, according to IBM.
Power 7 systems incorporate technology tailored for services that r