Acer C720 is the first Chromebook to offer Intel Core i3, but it'll cost you

The Acer C720 Chromebook is a little less affordable now, thanks to a spec bump that includes a new Intel chip.

Acer America has introduced the first Chromebook to come with a fourth-generation Intel Core i3 processor. The news shouldn't be too surprising however, as Google announced in May that a lineup of Chromebooks with Intel inside was in the works from leading manufacturers such as Acer, Asus, Dell, HP, Lenovo, LG, and Toshiba. The lineup is expected to feature both upgraded and new models, spanning an entire range of shapes, sizes, colors, and configurations.

The Acer C720 Chromebook is known as one of the cheapest Chromebooks on the market, with a starting price of $200. It features a 1.4GHz Celeron CPU and 16GB SSD, but now a second version of the notebook will hit store shelves later this month with a fourth-generation Intel Core i3-4005U CPU clocked at 1.7GHz. It'll also boast 32GB SSD. These upgrades should boost performance without affecting the 8.5-hour battery life. There's a catch though: You have to pay $150 more.

READ: Google outs new Intel-powered Chromebook lineup

The new Acer C720 will cost $349.99 for the 2GB RAM model and $379.99 for the 4GB RAM model. Check out Acer's new offering if you want a slightly more powerful Chromebook that boots up in less than 7 seconds and has a 11.6-inch display. But if the price is too much to swallow, you can always go with the original C720.