During Intel’s latest earnings call, CEO Lip-Bu Tan said that demand for its budget-focused Wildcat Lake chips “is outstripping supply.” According to CFO David Zinsner, the chips are now sold out. Zinsner said Intel has “seen significant growth in Wildcat Lake. It’s coming exactly at the right time because it’s cost-optimized and we’re seeing a lot of focus in that regard.”

As shortages of RAM and other components have driven up PC prices over recent months, Intel’s Wildcat Lake chips have been appearing in new lower-cost Windows laptops on par with the MacBook Neo, like the new Dell XPS 13 or the HP Omnibook 5 14. Wildcat Lake laptops like …

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