● Covered by 2 sources · 2 reportsMedium impact2 negative
Qualcomm to Increase Chip Prices by Double-Digit Percentages Starting September 1
Key points
- Qualcomm will increase chip prices by a double-digit percentage.
- The price hikes apply to products shipped after September 1.
- Qualcomm cites increased supplier costs and component shortages.
- The company attempted to source components from alternate suppliers.
- Price increases may impact consumer electronics like smartphones and PCs.
Qualcomm Announces Price Increases
Qualcomm has informed its customers of plans to increase chip prices by a double-digit percentage. These price adjustments will take effect for all products shipped after September 1.
Reasons for the Hike
The company stated it has "exhausted its ability to absorb higher costs from suppliers." Ongoing component shortages are contributing to rising prices for Qualcomm's suppliers. Qualcomm also indicated that it attempted to secure alternative components from new sources before implementing the price increases.
Potential Market Impact
The price increases are expected to have a ripple effect, particularly for smartphone manufacturers, many of whom are Qualcomm's customers. Qualcomm's chips are used in various devices, from smartphones to smartglasses and PCs. Device manufacturers may pass these increased costs onto consumers, potentially leading to higher prices for consumer electronics.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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How outlets covered it
Qualcomm is raising prices on its Snapdragon chipsets by double-digit percentages, effective for chips shipped after September 1. This increase is attributed to Qualcomm's inability to absorb higher supplier costs, which will likely lead to higher prices for Android devices.
Qualcomm informed customers it will raise chip prices by a double-digit percentage for products shipped after September 1st, citing increased supplier costs and component shortages. This price hike is expected to affect device manufacturers and potentially increase the cost of consumer electronics like smartphones and PCs.