Google confirmed the launch in the blog and said: “We can add value for users and, at the same time, help drive innovation on the web. We realised that the web had evolved from mainly simple text pages to rich, interactive applications and that we needed to completely rethink the browser. What we really needed was not just a browser, but also a modern platform for web pages and applications, and that’s what we set out to build.”
New browser is designed to be lightweight and fast, and to cope with the next generation of web applications that rely on graphics and multimedia. It will launch as a beta for Windows machines in 100 countries, with Mac and Linux versions to come.
Chrome is open source web browser which Google describes as using components from Apple's WebKit and Mozilla's Firefox. It will also vitally integrate the brilliant Google Gears for offline working and a brand new JavaScript engine, 'V8', which it claims will "power the next generation of web applications that aren't even possible in today's browsers".
Google new product will now make Microsoft to rethink and come up with new strategy. They are already facing big competition from Google on Internet market. Its seems that browser will heat up again with new competitor in market.