The $249 Asus MeMo Android tablet, which was shown off at January’s Consumer Electronics Show, is expected to be the first Google Nexus tablet with a lower price target of $149 to $199. A supply chain employee confirmed the development with Android and Me, an enthusiast blog that previously suggested a 7-inch Google Nexus tablet would launch this year.

To bring the price down, Asus may be opting for a dual-core chip instead of the Nvidia’s quad-core Tegra 3. The OMAP 4 from Texas Instruments looks to be the front-runner to power the Nexus tablet. That makes sense, as Android is already primed for OMAP support, given that Google worked with TI on the Galaxy Nexus smartphone, which also uses an OMAP chip.

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