M$ Signs another CPU Manufacturing deal

In an effort to catch up on backorders we've learned that M$ has signed an agreement with Chartered Semiconductor Manufacturing of California for making CPUs for the 360.
"We look forward to working with Chartered on the production of such an important component of our Xbox 360 system," said Larry Yang, general manager of Xbox Console Development at Microsoft, in a statement.
The only problem is that the company won't start work on the CPUs until 2007. So how is this catching up?

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