Quick summary Qualcomm has announced that it is putting up the price of its chips from 1 September. The price increase will mean that smartphones are more expensive to produce and that might see prices rise again in 2027. Qualcomm has announced that it will be increasing prices from 1 September, according to CNBC, meaning that the chip that powers your next phone is likely to be more expensive. MediaTek's hardware has traditionally been cheaper than Qualcomm's and smartphone brands might look to alternative suppliers to keep costs down. Unfortunately, most consumers look for Snapdragon in their devices, with Qualcomm's chips aligned with the best flagship phones.