Qualcomm, the world's largest supplier of smartphone chips, is getting ready to increase its product prices by more than 10%. This move really shows how much pressure traditional chip manufacturers are under, especially with the intense competition from the artificial intelligence (AI) sector for manufacturing resources. Qualcomm sent a letter to its customers last Friday, explaining that these price increases will apply to products shipped starting September 1st. The company hasn't yet responded to Reuters' request for comment, and the agency couldn't independently confirm the news.
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