Qualcomm tells customers of double-digit price increases, Bloomberg News reports

Reuters

Fri, July 24, 2026 astatine 12:33 PM CDT 1 min read

July 24 (Reuters) - Smartphone chipmaker Qualcomm has told customers it would rise prices ‌by a percent successful the ‌double digits owed to rising costs, Bloomberg News reported ​on Friday, citing a missive sent to clients.

The San Diego, California-based institution did not instantly respond to a Reuters petition for ‌comment. Its shares ⁠were trading down much than 1%.

Here are immoderate details:

• The institution ⁠sent the missive to customers connected Friday, informing them that the terms hike ​will spell ​into effect for ​products shipped aft September ‌1, the study said.

• Reuters could not independently verify the report.

• Qualcomm told customers that it could nary longer sorb rising supplier costs and had sought alternate ‌components from caller suppliers, ​the study said.

• The study ​comes arsenic ​Qualcomm grapples with mounting unit ‌in the smartphone market, ​squeezed by ​a representation spot shortage arsenic concern is redirected toward AI infrastructure.

• Qualcomm is ​set to ‌report its third-quarter results connected July ​29.

(Reporting by Anhata Rooprai successful Bengaluru; ​Editing by Shilpi Majumdar)