VentureBeat yesterday reported that the processor for this machine will not, as most people assumed, be Intel's Atom processor, rather it will be designed by Apple's own chip team.
Remember Apple's acquisition of PA Semi last April? Since then, we've heard very little about Apple's plans for the chip company. We knew the chip team Apple had gained in the acquisition was designing ARM-based CPUs for iPhones and iPods, but aside from that, there has been little information on Apple's dealings with PA Semi.
VB cites an anonymous source who claims that while one half of the PA Semi team was designing chips for the iPhone and iPod, the other half was designing a processor for the tablet device.