Qualcomm to Raise Chip Prices by Double Digits Starting September 1

Qualcomm CEO Amon confirmed double-digit price hikes effective Sept 1 to restore margins, citing broad supply chain cost inflation rather than just memory chip impacts.

Woofun AI reports that Qualcomm CEO Cristiano Amon disclosed plans to implement double-digit price increases for products starting September 1. The adjustment aims to restore profitability to historical levels, driven by rising costs across the entire supply chain rather than solely memory chip price fluctuations. Amon noted that pricing negotiations will be conducted individually with each customer, attributing recent gross margin declines to a temporary misalignment between costs and pricing.