According to Nvidia vice president Rob Csonger, speaking at the company’s shareholder meeting last week, the graphics card company is working on Kai, a low-cost quad-core platform based around the Tegra 3.
Csonger said: “Our strategy on Android is simply to enable quad-core tablets running Android Ice Cream Sandwich to be developed and brought out to market at the $199 price point. The way we do that is a platform we’ve developed called Kai. So this uses a lot of the secret sauce that’s inside Tegra 3 to allow you to develop a tablet at a much lower cost, by using a lot of innovation that we’ve developed to reduce the power that’s used by the display and use lower cost components within the tablet,” according to reports.
Apple’s lowest priced iPad is the iPad 2, available for $399 in the US and £329 in the UK.