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Qualcomm sent a letter to customers on Friday warning of plans to increase its prices by “double-digit percentages.” Bloomberg Reports. The price increases will take effect starting with products shipped after September 1st.
Qualcomm claims it has “exhausted its ability to absorb higher costs from suppliers,” it says Constant shortage of ingredients Continue raising prices. The company also said it tried to source components from alternative suppliers before announcing the price hike.
like Bloomberg However, Qualcomm’s price increases will likely have a ripple effect, especially for smartphones. Qualcomm chips power everything from… New Samsung foldable devices to Upcoming smart glasses. Earlier this year, Qualcomm promised that one of its new chip platforms would do just that $300 worth of Windows PCs delivered. These devices could become more expensive if device manufacturers pass the brunt of Qualcomm’s price hikes onto their customers.
Qualcomm did not immediately respond to a request for comment.
