Qualcomm to Raise Chip Prices by Double Digits from September 1

English summary

[Qualcomm to Raise Chip Prices by Double Digits from September 1] July 30 - At Qualcomm's earnings call, CEO Cristiano Amon revealed that Qualcomm plans to raise product prices by double digits starting September 1, aiming to push profit margins back to historical levels. He said the price increase is driven by rising costs across the entire industry chain, not just memory chip price hikes. Amon stated that the company will conduct pricing negotiations with each customer individually, noting that "the temporary mismatch between costs and pricing has caused a slight short-term decline in gross margin."