Intel showcased its next-generation Thunderbolt technology at the National Association of Broadcasters (NAB) trade show in Las Vegas this week, Digital Spy said.

The chip maker's new data transfer tech, codenamed Falcon Ridge, enables hardware and peripherals to exchange data at the superfast rate of 20 Gbps - twice the speed of current iterations of the technology.

Falcon Ridge will be backwards compatible to support all Thunderbolt-ready devices, and is capable of transporting and displaying Ultra HD 4K video simultaneously.

Renewed interest in PC and Mac machines with external graphics cards could be sparked thanks to the new technology

Intel demonstrated data transfer through a 1,200 Mbps cable at NAB, which is significantly faster than current-generation speeds, Engadget reports.

The company announced that Falcon Ridge will enter production before the end of the year, with a 2014 release date targeted.