Qualcomm chipsets are officially getting a price hike

Following speculation about an imminent price hike on its chipsets, Qualcomm has officially confirmed that it will indeed raise its Snapdragon chip prices across the board. As confirmed by CEO Cristiano Amon during an interview with CNBC, Snapdragon chips will be more expensive from September 1.

Amon cited the increase in input costs across the entire chipset production process as the main reason for the imminent price hikes. A separate press release from Qualcomm outlined that the company can no longer absorb the increased production costs without raising its product prices.

Qualcomm did not specify how much it will raise its prices, but according to previous rumors, we could be looking at a double-digit increase. This all means that on top of sky-rocketing memory chip prices, smartphone OEMs will now also have to factor in higher chipset prices, which will in turn mean even more expensive smartphones heading forward.