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Qualcomm announced it will raise chip prices and issued quarterly earnings guidance that fell short of expectations.
Qualcomm CEO Cristiano Amon said the company will implement across-the-board price increases for its chips starting September 1, citing rising costs due to ongoing supply shortages of computer components, including memory chips. Qualcomm also issued earnings guidance for the current quarter that fell short of analysts’ expectations, attributing this to supply chain issues as well.
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