Chipmaker Intel Starts Informing Customers of Price-Hike Plan

Chipmaker Intel Starts Informing Customers of Price-Hike Plan
The Intel logo at the Intel stand at the 2018 CeBIT technology trade fair in Hanover, Germany, on June 12, 2018. Alexander Koerner/Getty Images
Reuters
Updated:

Intel Corp. said on Thursday it has started informing customers of its plan to raise prices for many of its chip products due to rising costs, a move that the company had first hinted in its first-quarter earnings call on April 28.

The price increases could come into effect in autumn and the percentage increases are likely to range from a minimal single-digit increase to more than 10 percent and 20 percent in some cases, Nikkei reported.