Intel is weathering the chip shortage storm on April 19, 2021, 5:16 What just happened? Intel’s Rocket Lake processors only arrived a few weeks ago, but many of the 11th-gen CPUs are seeing price reductions—a stark contrast to virtually every other tech product right now that’s feeling the global chip shortage’s effects. Earlier this month, Intel’s Core i7-11700K, along with several 10th-gen CPUs, all saw price drops. That chip is currently only sold by third parties on Amazon at a price higher ($454) than the usual $420, though some Micro Center stores have a few left at $399.99. Note that the latter is in-store pickup only.