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The Intel Core i3 processor is the closest successor to the now out-of-production Core2Duo processor. The most significant differences between the i3 and i5/i7 is the lack of Turbo Boost and less cache (L3) memory. The i3 offers moderate all-around performance and is often found in budget-oriented systems.
Fifth-generation Intel Core i5 processors - based on 14 nm technology - give MacBook Air the power you need to finish the task at hand. The dual-core 1.6 GHz Intel Core i5 processor can be overclocked up to 2.7 GHz, thanks to Intel Turbo Boost 2.0 technology.