Google is reportedly planning to unwrap a $99 (£60) Nexus tablet in the fourth quarter of 2012, according to a new report.

Digitimes, citing "Taiwan-based supply chain makers," said Google is prepping a cheaper tablet that runs a single-core processor from China's WonderMedia Technologies and includes a HUVA TN panel from Taiwan's HannStar Display.

According to Digitimes, the $99 tablet would be produced by Quanta Computer. Google's current tablet, the Nexus 7, starts at £159 and is produced by Asus, which told Digitimes that it has no plans for a $99 tablet. Google did not immediately respond to a request for comment.

On the Nexus 7 front, however, there are further reports that a 32GB version of the tablet may soon hit stores, following our revelation on Monday. TeckComesFirst points to a notice from retailer Argos that advertises a 32GB version of the Nexus 7 in its holiday gift guide.

In a scanned page from the guide (below), the 32GB Asus-made Google tablet is listed for £199.99. That's the same price as the 16GB Nexus 7 in the U.K., so why get the smaller one? TeckComesFirst said the 32GB will not include the £15 Google Play store credit that comes with the 16GB version.

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