Intel will raise the prices of its processors up to 20% – mass media
According to Nikkei Asia, Intel plans to raise the prices of its flagship products such as consumer and server processors, Wi-Fi chips and controllers this fall. Increases are expected to vary by model, ranging from single digits to 20%.
Intel’s solution involves rising costs of components, materials, shipping and labor. There is also the problem of rising inflation. It makes consumers think twice before splurging on expensive purchases. This has already been reflected in a sharp drop in shipments of PCs, TVs and smartphones this year as demand declines.
Intel previously warned of future price increases as part of its latest financial announcement. At the time, CEO Pat Gelsinger talked about higher prices for the company’s products. Another warning came from CFO Dave Zimmer, who said Intel was ‘looking for targeted price increases in certain segments.’
Intel’s next generation of processors, Raptor Lake, is expected to arrive in the fourth quarter, and the price increase is likely to affect future processors. Thus, those who plan to buy a new Intel processor or an entire PC with such a chip, it is better not to delay with the purchase.
