Qualcomm is about to raise prices and that’s bad news for everyone

<figure> <img alt="" data-caption="" data-portal-copyright="Image: Alex Castro / The Verge" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/2025/10/acastro_STK082_qualcomm_01.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> </figcaption> </figure> <p class="wp-block-paragraph">Qualcomm sent a letter to customers on Friday warning of plans to increase its prices by "a percentage in the double digits," <a href="https://www.bloomberg.com/news/articles/2026-07-24/qualcomm-tells-customers-that-prices-are-going-up-by-double-digits"><em>Bloomberg</em></a> reports. The price hikes will go into effect starting with products shipped after September 1st. </p> <p class="wp-block-paragraph">Qualcomm claims it has "exhausted its ability to absorb higher costs from suppliers," as <a href="https://www.theverge.com/news/839353/pc-ram-shortage-pricing-spike-news">ongoing component shortages</a> continue to drive up prices. The company also said it attempted to source components from alternate suppliers prior to announcing the price hikes. </p> <p class="wp-block-paragraph">As <em>Bloomberg</em> notes, Qualcomm's price increases will likely have a ripple effect, particularly for smartphones. Qualcomm's chips power everything fro …</p> <p><a href="https://www.theverge.com/gadgets/970910/qualcomm-raising-prices-bloomberg">Read the full story at The Verge.</a></p>