Not just Intel either. AMD has joined the game as of Zen 4, and NVIDIA's been playing it with their GPUs forever as well.
Zen 4 desktop CPUs appear to have (as expected) virtually unchanged single core performance, and maybe 5% reduced multi-core performance, on CPU-bound workloads by reducing the power limit to cut total power consumption -- by over a 100W reduction in the case of the new 7950X! Granted, Intel's been doing that forever -- reign in Alder Lake and its power consumption also comes way down, again for barely a performance hit in CPU-bound multi-core tasks.
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Enthusiast grade CPUs and GPUs are basically sold in the equivalent of a TV's retail "demo mode" now -- where a TV has max brightness, contrast and saturation that you'd NEVER use, but is intended to just grab a customer's attention as they walk by. Being pushed so far outside of their efficiency sweet spot just to get that extra 5% to "win benchmarks", when outside of specific use cases (and even if you actually need that 5%!) you're just consuming 50-100% more electricity for utterly marginal gains.
What a waste of resources! All so children (or people who still act like them) can feel better about a purchase as they argue on the internet over nothing worth arguing about.