The Verge·3 min read·medium
Qualcomm is about to raise prices and that’s bad news for everyone
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Stevie Bonifield
✦AI Summary
Qualcomm has announced double-digit price increases for its chips starting in September, citing rising costs from suppliers. This move is expected to increase the cost of consumer electronics, including smartphones and PCs, as manufacturers pass the expenses to consumers.
Qualcomm sent a letter to customers on Friday warning of plans to increase its prices by “a percentage in the double digits,” Bloomberg reports. The price hikes will go into effect starting with products shipped after September 1st.
technologybusinesseconomy
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