Qualcomm is raising phone chip prices starting September 1st

<figure> <img alt="Qualcomm logo over a multicolored illustration" data-caption="" data-portal-copyright="Illustration by Alex Castro / The Verge" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/24007992/acastro_STK082_qualcomm_02.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> </figcaption> </figure> <p class="wp-block-paragraph">RAMageddon won't be the only reason your next phone costs more - Qualcomm is about to raise prices on all its processors, as well. Qualcomm CEO Cristiano Amon said on Wednesday that "prices are going to go up" on the company's products starting on September 1st, <a href="https://www.cnbc.com/2026/07/29/qualcomm-qcom-earnings-report-q3-2026-.html">CNBC</a> reports. The price hikes were <a href="https://www.theverge.com/gadgets/970910/qualcomm-raising-prices-bloomberg">rumored</a> last week to be "a percentage in the double digits." </p> <p class="wp-block-paragraph">Qualcomm announced the planned price increases while reporting a 20 percent year-over-year drop in revenue from its handset business, the lowest it's reported <a href="https://s204.q4cdn.com/645488518/files/doc_financials/2021/q4/FY-2021-4th-Quarter-Earnings-Release.pdf">since 2021</a>. In its quarterly earnings presentation, Qualcomm said this drop is due to "unprecedented increases in memory pricing …</p> <p><a href="https://www.theverge.com/tech/972894/qualcomm-price-hikes-q2-2026-earnings">Read the full story at The Verge.</a></p>