diff --git a/level_zero/core/source/device/device_imp.cpp b/level_zero/core/source/device/device_imp.cpp
index c7835db4f8..ec748df6a5 100644
--- a/level_zero/core/source/device/device_imp.cpp
+++ b/level_zero/core/source/device/device_imp.cpp
@@ -394,7 +394,7 @@ ze_result_t DeviceImp::getProperties(ze_device_properties_t *pDeviceProperties)
 
     memset(pDeviceProperties->name, 0, ZE_MAX_DEVICE_NAME);
 
-    std::string name = getNEODevice()->getDeviceName(hardwareInfo);
+    std::string name = getNEODevice()->getDeviceInfo().name;
     memcpy_s(pDeviceProperties->name, name.length(), name.c_str(), name.length());
 
     return ZE_RESULT_SUCCESS;
diff --git a/opencl/source/cl_device/cl_device_caps.cpp b/opencl/source/cl_device/cl_device_caps.cpp
index c6266d0e6a..b0507f1b7e 100644
--- a/opencl/source/cl_device/cl_device_caps.cpp
+++ b/opencl/source/cl_device/cl_device_caps.cpp
@@ -19,7 +19,6 @@
 
 #include "driver_version.h"
 
-#include <iomanip>
 #include <string>
 
 namespace NEO {
@@ -434,12 +433,7 @@ void ClDevice::initializeOpenclCAllVersions() {
 }
 
 const std::string ClDevice::getClDeviceName(const HardwareInfo &hwInfo) const {
-    std::stringstream deviceName;
-
-    deviceName << device.getDeviceName(hwInfo);
-    deviceName << " [0x" << std::hex << std::setw(4) << std::setfill('0') << hwInfo.platform.usDeviceID << "]";
-
-    return deviceName.str();
+    return this->getDevice().getDeviceInfo().name;
 }
 
 } // namespace NEO
diff --git a/shared/source/device/device_caps.cpp b/shared/source/device/device_caps.cpp
index 782d7a6450..0974689a86 100644
--- a/shared/source/device/device_caps.cpp
+++ b/shared/source/device/device_caps.cpp
@@ -12,6 +12,8 @@
 #include "shared/source/memory_manager/memory_manager.h"
 #include "shared/source/os_interface/hw_info_config.h"
 
+#include <iomanip>
+
 namespace NEO {
 
 static const char *spirvWithVersion = "SPIR-V_1.2 ";
@@ -118,6 +120,13 @@ void Device::initializeCaps() {
     if (DebugManager.flags.EnableSharedSystemUsmSupport.get() != -1) {
         deviceInfo.sharedSystemAllocationsSupport = DebugManager.flags.EnableSharedSystemUsmSupport.get();
     }
+
+    std::stringstream deviceName;
+
+    deviceName << this->getDeviceName(hwInfo);
+    deviceName << " [0x" << std::hex << std::setw(4) << std::setfill('0') << hwInfo.platform.usDeviceID << "]";
+
+    deviceInfo.name = deviceName.str();
 }
 
 } // namespace NEO
diff --git a/shared/source/device/device_info.h b/shared/source/device/device_info.h
index 96c32b0e4e..d76439915c 100644
--- a/shared/source/device/device_info.h
+++ b/shared/source/device/device_info.h
@@ -47,6 +47,7 @@ struct DeviceInfo {
     bool debuggerActive;
     bool force32BitAddressess;
     bool sharedSystemAllocationsSupport;
+    std::string name;
 };
 
 } // namespace NEO