Hewlett-Packard (NYSE:HPQ) and Google (NASDAQ:GOOGL) have just announced their latest collaborative product, the HP Chromebook 11.

It's an entry-level notebook that starts at $279, and includes a high-quality IPS display panel. Notably, Samsung is making the processor for the device, providing its Exynos 5 chip for the notebook. Hewlett-Packard has typically used low-end Intel chips in this spot for its notebooks.

Hewlett-Packard and Google have been working together on co-branded products since the beginning of the year, starting with an HP tablet running Android in February. HP is aiming to reinvigorate its personal systems segment, which is declining in part due to broader PC weakness.

In this segment of Tech Teardown, Erin Kennedy discusses the new HP Chromebook 11 with Evan Niu, CFA.

Erin Kennedy and Evan Niu, CFA, have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Google and Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.