Qualcomm to raise chip prices by double digits after Sept. 1

TL;DR: Qualcomm told customers on Friday that it plans to raise prices by a double-digit percentage for products shipped after September 1, according to Bloomberg as cited by The Verge.

Qualcomm told customers on Friday that it plans to raise prices by “a percentage in the double digits” for products shipped after September 1, according to Bloomberg as cited by The Verge.

Qualcomm said it had “exhausted its ability to absorb higher costs from suppliers” as component shortages continued to increase its own input costs. The company also said it had tried to source components from alternate suppliers before announcing the increase.

The Verge said Qualcomm’s price increase could affect smartphone makers because Qualcomm chips are used across a wide range of phones. The source excerpt did not specify which Qualcomm products are affected or the exact percentage increase.

Related questions

• When will Qualcomm’s price increase take effect?
• How large is Qualcomm’s planned price increase?
• Why did Qualcomm say it is raising prices?
• Which product categories could be affected by Qualcomm’s price increase?