Intel to hike processor prices as company’s financials far worse than expected
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Intel to hike processor prices as company’s financials far worse than expected

Intel reported on the second quarter fiscal year 2022. The report was not the best.

Intel reported a loss of $500 million, despite the company’s revenue falling 22% to $15.3billion. This is roughly the amount that Intel had to write off because of the Optane’s closure.

When we look at divisions, there were only two that saw revenue decline: Client Computing Group, Datacenter, and AI Group. While the rest of revenue increased, they are still small in absolute terms.

Intel announced it would increase the price of its processors against the background of such reporting.

It is not clear when exactly the new prices are going to take effect. We don’t know what products they will affect or how much. The new Raptor Lake processors may be slightly more expensive than the predecessors.

 

Intel to hike processor prices as company’s financials far worse than expected
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