Qualcomm tells customers of double-digit price increases, Bloomberg News reports

The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

July 24 (Reuters) - Smartphone chipmaker Qualcomm has told customers it would raise prices by a percentage in the double digits due to rising costs, Bloomberg News reported on Friday, citing a letter sent to clients.

The San Diego, California-based company did not immediately respond to a Reuters request for comment. Its shares were trading down more than 1%.

• The company sent the letter to customers on Friday, informing them that the price hike will go into effect for products shipped after September 1, the report said.

• Qualcomm told customers that it could no longer absorb rising supplier costs and had sought alternative components from new suppliers, the report said.

• The report comes as Qualcomm grapples with mounting pressure in the smartphone market, squeezed by a memory chip shortage as investment is redirected toward AI infrastructure.

• Qualcomm is set to report its third-quarter results on July 29.

(Reporting by Anhata Rooprai in Bengaluru; Editing by Shilpi Majumdar)

Sinergia Empresarial continuará el seguimiento de esta información sobre qualcomm tells customers of double-digit price increases, Bloomberg News reports y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.