Qualcomm is about to raise prices and that’s bad news for everyone

The double-digit value hikes will reportedly commencement pinch products shipped aft September 1st.

Qualcomm sent a missive to customers connected Friday informing of plans to summation its prices by “a percent successful the double digits,” Bloomberg reports. The value hikes will spell into effect starting pinch products shipped aft September 1st.

Qualcomm claims it has “exhausted its expertise to sorb higher costs from suppliers,” arsenic ongoing constituent shortages proceed to thrust up prices. The institution besides said it attempted to root components from alternate suppliers anterior to announcing the value hikes.

As Bloomberg notes, Qualcomm’s value increases will apt person a ripple effect, peculiarly for smartphones. Qualcomm’s chips powerfulness everything from Samsung’s caller foldables to upcoming smartglasses. Earlier this year, Qualcomm moreover promised 1 of its caller spot platforms would deliver $300 Windows PCs. Those devices could get pricier if instrumentality manufacturers walk the brunt of Qualcomm’s value hikes onto their customers.

Qualcomm did not instantly respond to a petition for comment.