--Intel Corp. has told clients that it will raise prices for most of its microprocessors and peripheral chip products later this year, Nikkei reported.

--Raising product prices is necessary for the company due to rising production and materials costs, the Nikkei report said, citing three industry executives.

--Percentage increases haven't been finalized as they would depend on the type of chip, and are likely to range from single-digit increases to over 10% and 20% in some cases, according to one of the executives.

Full story: https://s.nikkei.com/3RyodfH

Write to Justina Lee at justina.lee@wsj.com

(END) Dow Jones Newswires

July 14, 2022 04:51 ET (08:51 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Intel (NASDAQ:INTC)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Intel Charts.
Intel (NASDAQ:INTC)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Intel Charts.