Qualcomm Confirms Double-Digit Chip Price Hikes Starting September 1

Qualcomm CEO Cristiano Amon confirmed to CNBC on July 29, 2026 that chip prices will rise by double-digit percentages starting September 1, following customer notices on July 24. The company blames "unprecedented increases in memory pricing and supply constraints." Some device makers have already begun switching to older Qualcomm silicon to manage costs.