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Definition: value market

The market for low-priced consumer goods. A value PC is intended for the first-time user or as a second or third computer in a household. A value line of CPU chips is typically an earlier version of the processor family or one with less performance, such as having a smaller cache memory or slower clock rate. Depending on where the failure occurs, chips rejected in manufacturing sometimes can be made to work at a degraded level and sold to the value market. For example, a dual core chip might have one good and one bad core, and the bad core can be disabled.