Intel Warns That Price Hikes Are Coming This Year

Intel Warns That Price Hikes Are Coming This Year

The cost of Intel’s Wi-Fi chips is touching up this year. The semiconductor company will raise prices on its microprocessors and peripheral chip products later this year, Nikkei Asia reported on Thursday.

Intel’s processors are counterfeit in Dell, Lenovo, HP and other computers, meaning those devices will contract more expensive to produce.

Due to the rising compensations for production and materials caused by inflation, Intel will appraisal prices on its central processing units for computers and servers. Other flagship products, like chips for Wi-Fi and novel connectivity tech will also see a price hike. The commercial has started informing customers of these changes, Intel spokesperson William Moss said in a statement emailed to CNET.

The percentage increase will probable vary depending on the chip in question, but products could see single-digit or double-digit increases, Nikkei Asia reported. 

The news comes amid surging inflation across the farmland and worries about a possible recession. Inflation broke a US record with a 9.1% increase in consumer prices in June.

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