QCOM Stock Drops 2% — Qualcomm Reportedly Plans Chip Price Hikes Amid Rising Supply Costs
Qualcomm has notified customers that it will raise chip prices by double-digit percentages starting September 1. The company stated it has fully exhausted its ability to absorb escalating supplier costs and could not find sufficient alternative vendors. High demand for AI data center infrastructure is cannibalizing component manufacturing capacity, constraining supply across all tech sectors. … Read more