Qualcomm to raise chip prices by double digits from September, hitting smartphone market

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Qualcomm has notified customers of a double-digit percentage price increase set to take effect for products shipped after September 1st. The chipmaker cited an inability to absorb rising costs from its own suppliers, driven by ongoing component shortages. Qualcomm stated it had already explored alternative sourcing options before deciding to pass costs on to customers. The price hike is expected to have a broad ripple effect across the technology industry, particularly in the smartphone segment, where Qualcomm chips are widely used.

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