Qualcomm Raising Chip Prices Starting Tomorrow

Qualcomm is increasing prices for its chips by double digits starting tomorrow. Qualcomm announced the impending price hike back in July, letting customers know prices would go up for chips shipped after September 1. Qualcomm said it cannot continue to absorb increasing supplier costs. "We're just passing through big cost increases that we have," said Qualcomm CEO Cristiano Amon in an interview with Reuters. Apple has been transitioning to its own modem chips, but it is still sourci