Qualcomm announced it will raise chip prices by double‑digit percentages beginning with shipments after September 1. The company cited ongoing component shortages that have increased supplier costs. Qualcomm said it has exhausted its ability to absorb higher costs and attempted to source components from alternate suppliers before the announcement. The price changes will affect devices that use Qualcomm chips, including Samsung foldable phones, upcoming smartglasses, and products from Apple, Google and other manufacturers. Competitors have also reported price increases for consoles, development boards and smartphones, with some products seeing reduced specifications or delayed releases. Qualcomm did not respond to a request for comment. The hikes may result in higher consumer prices across the technology sector, though the full impact remains uncertain.