The AMD Zen 8-core Summit Ridge SR7 chipset will be releasing with top clock speed of 3.5GHz and easily outpacing the Intel rival Core i7 5960X. The most interesting part is that the high-end processing beast is priced at only $499, a new report said.

According to a fresh leak reported by WCCFF Tech, upcoming AMD's Zen SR7 8 core CPU will sell for $499 and outperform Intel's 8 core i7 5960X. Engineering samples of AMD's latest Zen revision have been spotted and it is showing that it will feature a 3.2Ghz core clock and a 3.5Ghz turbo frequency.

If the latest leak turns out to be accurate, then the AMD will get its much needed Zen SR7 processor that will take the field with eight cores in tow, reports Hothar Ware.

The new chip is carrying the ID tag of "AMD Eng Sample: 1D3201A2M88F3_35/32_N" and is an eight core, 16 thread variant. It is the highest clocked Zen engineering sample spotted to date. Improvement in clock speeds over the previous revision makes it ahead of Intel's eight core Haswell-E i7 5960X processor in terms of performance. It is Haswell-E chip with eight cores clocked at 3GHz to 3.5GHz, 16 threads, and 20MB of cache. 

AM4's some Key Features are DDR4 Memory, PCIe Gen 3, USB 3.1 Gen2 10Gbps, NVMe and SATA Express

The Core i7-5960X tops $1,000 in street pricing even when it's on sale. AMD's competing Summit Ridge part is said to cost half, which is $499.

According to leaks coming from China, the highest end part will carry a surprisingly restrained Price tag of $499, rather than the $1000+ MSRPs we've seen with Intel's extreme edition i7s.

The entry level SR3 segment of the company is said to be planning to offer a high-end four core, 8 thread parts at a price tag of around $150.

SR7 part is clocked just a little slower than AMD's purported flagship CPU. At $349, that will end up being the Zen part that draws the attention, particularly if it has any kind of overclocking savvy whatsoever.

According to Yibada, the AMD Zen 8-core Summit Ridge SR7 release date will happen no later than January 2017 or immediately after the unveiling via the CES 2017.