Elain Brown Tech 07.15.2022 06:Jul AM EDT

Intel Will Soon Hike Prices on All of Its Products

Intel is reported to be increasing a significant amount across all of their products.

The decision to raise prices was made by the company due to what it describes as an increase in both the cost of manufacturing and the cost of materials.

It is not apparent how much higher the costs are going to be if this change is implemented, and there is no catch-all number that can be referred to; the percentages will vary based on the product.

According to Nikkei Asia, however, buyers should be prepared for a rather broad range of price increases, ranging from single-digit increases to increases of up to 20 %.

Intel Price Hike

Intel has already begun notifying its customers that it will be increasing the pricing of the bulk of its products.

According to a statement by Intel, they stated, "On its Q1 earnings call, Intel indicated it would increase pricing in certain segments of its business due to inflationary pressures. The company has begun to inform customers of these changes."

As reported by Nikkei Asia, according to industry executives who have direct knowledge of the matter, the largest chipmaker in the United States has plans to increase the prices of its flagship products.

The price increase will affect all of its products, including Wi-Fi chips and its CPUs for both laptops and PCs.

According to the executives, Intel has stated that the price increases are necessary because of the rising costs associated with production and supplies.

One of the people said that the percentage increases have not been finalized and that they could vary depending on the type of chip being purchased. However, it is likely that they will range from a minimal single-digit increase to an increase of more than 10 percent and 10 percent in some instances.

It is undeniable that numerous businesses and consumers are affected by inflation.

It has clouded the future of consumer spending, which makes pricing decisions particularly difficult, but it has also increased the costs of commodities, materials, shipping, and labor, all of which have heaped further pressure on the chip sector.

This price increase by Intel comes as consumer prices continue to rise in the United States and elsewhere around the world.

Intel's Price Hike Effect

According to Digital Trends, if Intel's finest CPUs see price increases in the near future, this move will have repercussions in markets beyond the market for PC hardware.

The effects of Intel's decision are expected to be felt throughout the market.

Processors manufactured by Intel can be found in virtually every variety of personal computers, including pre-built desktops and portable computers.

When the companies that make these gadgets are forced to pay more money to use a CPU built by Intel, those companies may be forced to raise the price of the products they sell as a result.

Even though there was a severe lack of chips available on the market throughout the pandemic, the market continued to thrive to the manufacturer's advantage.

In the past few years, there have not been enough personal computers and laptops to go around. However, it appears that the chip shortage problem has been resolved.

Early this year, there was a decrease in demand for several electronic devices, including cell phones, personal computers, televisions, and game consoles. Manufacturers of these devices have indicated that they are seeing a buildup of unsold inventory.