Qualcomm is reportedly planning to raise processor prices by the end of the summer

Qualcomm is planning to raise its prices by a percentage in the double digits across its products, according to Bloomberg. The company is one of the biggest makers of smartphone processors in the world and dominates the Android landscape, with most companies using its products to power their flagship models. Among the devices that are powered by Qualcomm processors are Samsung's Galaxy series phones, including its latest foldables, the the Galaxy Z Fold 8 Ultra, Fold 8 and Flip 8. Its processors also power Microsoft CoPilot PCs, as well as wearables like smart glasses in Meta's Ray-Ban collection. As you can tell, Qualcomm's price hikes could have a big impact on pricing across brands and devices in several categories. Bloomberg says Qualcomm has already sent letters to its customers informing them about the upcoming changes.