Intel is reportedly planning to release a new Thunderbolt chip codenamed Redwood Ridge in 2Q13, according to DigiTimes. The new chip is said to launch alongside its Haswell processors.

The new Thunderbolt chip supports 10Gbps data rate, DisplayPort v1.1a as well as DisplayPort v1.2 Redriver. In 2014, the technology will be further upgraded to Falcon Ridge with transmission speeds to improve to 20Gbps through two channels.

Current Thunderbolt chips (Cactus Ridge) are still priced at about US$20 with motherboard and PC players only adopting the technology in their high-end products.