[Cost Pressure Intensifies: Qualcomm Chip Prices to Increase by Double-Digit Percentage] According to a report by Jinse Finance, on July 25, Qualcomm, one of the world's largest smartphone processor manufacturers, informed its customers that due to rising costs, it will have to raise product prices by a double-digit percentage. Citing a document from foreign media, it was revealed that Qualcomm sent a price increase notification letter to its customers on Friday. Qualcomm stated that the price hike will apply to products shipped after September 1. The company explained that its ability to absorb rising supplier costs has been exhausted and that it has attempted to source alternative components from new channels.