Qualcomm to raise smartphone processor prices

Qualcomm, a big company that makes processors for smartphones, is going to raise its prices by a lot.

This is because the costs from their suppliers have gone up, and there aren't enough parts to make the processors.

This will affect many other companies that use Qualcomm's processors, like Samsung and Xiaomi.

The price increase is expected to start on September 1.

Qualcomm's stock price went up a bit when this news came out, which means investors think it's a good thing for the company.

But it might not be so good for the companies that buy Qualcomm's processors, as they will have to pay more.