Qualcomm hikes smartphone chip prices by double digits, and the ripple effects will reach far beyond phones

Qualcomm hikes smartphone chip prices by double digits, and the ripple effects will reach far beyond phones

Qualcomm raises Snapdragon 10%+ from September 2026 (8 Elite Gen 6 to $300+) due to 10-30% BOM increases. Signals pivot to AI and automotive ($40B target 2029)—reshaping the sector from smartphone-cycle dependency toward infrastructure.