Qualcomm Announces Double-Digit Price Increases to Customers
Qualcomm, a leading smartphone chipmaker, has informed its customers of double-digit price increases due to rising costs, according to a Bloomberg News report on July 24, 2026. The company sent a letter to clients on Friday stating that the price hike will apply to products shipped after September 1. Qualcomm cited an inability to absorb rising supplier costs and noted it has sought alternative components from new suppliers. The announcement comes as Qualcomm faces mounting pressure in the smartphone market, exacerbated by a memory chip shortage as investment shifts toward AI infrastructure. Qualcomm's shares fell over 1% following the news. The company is scheduled to report its third-quarter results on July 29. Reuters could not independently verify the report, and Qualcomm did not immediately respond to a request for comment.
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