Qualcomm is raising phone chip prices starting September 1st

RAMageddon won't beryllium the lone crushed your adjacent telephone costs much - Qualcomm is astir to rise prices connected each its processors, arsenic well. Qualcomm CEO Cristiano Amon said connected Wednesday that "prices are going to spell up" connected the company's products starting connected September 1st, CNBC reports. The terms hikes were rumored past week to beryllium "a percent successful the treble digits."

Qualcomm announced the planned terms increases portion reporting a 20 percent year-over-year driblet successful gross from its handset business, the lowest it's reported since 2021. In its quarterly net presentation, Qualcomm said this driblet is owed to "unprecedented increases successful representation pricing …

Read the afloat communicative astatine The Verge.