In an effort to bring 4K to a wider audience, Intel has announced that it is teaming up with Samsung's display division to produce cheaper Ultra HD display panels. The announcement was made at Computex, one of the world's largest technology conferences, which is held annually in Taipei, Taiwan.

Until now, 4k screens have largely been out of reach for most consumers due to their sky-high prices. According to a research, in 2013 as many as 90 percent of monitors were still 1080p or lower in resolution.

According to Intel, Samsung Display will be selling the 4k panels for around $399 to manufacturers. As far as All-in-Ones are concerned, you'll soon be able to grab one equipped with a 4K display for $999, which is less than half the typical current price of 4K IPS and PLS monitors.

Despite the price, these won't be basic panels. The chipmaker is promising 100 percent sRGB coverage, 60Hz refresh rates, and Technicolor certification, along with a UHD resolution.

Intel didn't provide specific details of its partnership with Samsung, but according to Lisa Graff, company's PC Client Group VP and General Manager of the Desktop Client Platforms Group, there has been no technology transfer between the two companies.

There was no word on availability of these display panels.