Qualcomm notified customers on Friday of planned price increases in the double-digit range, with the adjustments applying to products shipped after September 1st. The chipmaker attributed the decision to persistent component shortages that have driven up supplier costs, stating it had exhausted alternatives for cost management. The company indicated it had previously attempted to source components from alternative suppliers before determining price increases were necessary.
The move is expected to have significant downstream effects, particularly in the smartphone sector. Qualcomm’s processors are used in a wide variety of consumer devices, ranging from Samsung’s foldable phones to emerging smartglasses technology. The company had previously announced plans for cost-effective Windows-based personal computers utilizing one of its newer chip platforms, though such devices may see price increases if manufacturers pass along Qualcomm’s cost hikes to consumers.
Qualcomm represents one of several major technology companies implementing price increases in response to supply chain pressures. Manufacturers across the industry have raised prices on products including gaming consoles, single-board computers, Apple devices, and smartphones from Samsung and Google. Some companies have accompanied price increases with reduced specifications, while others have postponed or canceled product releases entirely.
The company has not provided additional commentary regarding the announcement.
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