Intel announces price increases – computer industry follows suit28. July 2022
Intel announces price increases – computer industry follows suit
San Francisco, 7/21/2022
Intel plans to raise prices on some processors and other chips later this year due to rising production costs.
In addition to inflationary pressures, Intel faces higher labor, transportation, material and electricity costs, executives told Nikkei Asia. The price increases will be as high as 20% and will affect nearly all of Intel’s products, from personal computer chips to Wi-Fi chips, controllers and data center servers, the sources said.
It is expected that everywhere where Intel processors are working, the prices of the products will increase. That would be, for example, corresponding products at Dell, HP, Lenovo and others.
Computers with Intel processors will increase.
Meanwhile, Intel competitor TSMC has announced that it will increase its prices by a “single-digit” percentage in 2023.
The price increase will take effect just as PC shipments are declining post-pandemic. According to Gartner, worldwide PC shipments totaled 72 million in the second quarter of 2022, down 12.6% from the second quarter of 2021.
Inflation in the U.S. reached 9.1% year-over-year in June, the highest level since December 1981, according to the Labor Department.