Qualcomm Confirms Double-Digit Chip Price Hikes Effective September 1

Qualcomm CEO Cristiano Amon told CNBC on July 29, 2026 that "prices are going to go up" on the company's chips starting September 1, confirming double-digit percentage increases first signaled to customers on July 24. The company attributes the hike to "unprecedented increases in memory pricing and supply constraints." Some OEMs have already begun adopting prior-generation Qualcomm silicon in response.