Changes in US stocks | Qualcomm (QCOM.US) rose more than 2% to raise product prices in September to improve short-term gross margin pressure

The Zhitong Finance App learned that on Monday, Qualcomm (QCOM.US) rose more than 2% to $168.48. According to the news, Qualcomm previously announced that it will raise product prices starting September 1 to cope with the pressure brought about by the continued rise in supply chain costs. Qualcomm CEO An Mon said that the main purpose of the company's price increase this time is to restore gross margin to a historically normal level. He stressed that Qualcomm is only channeling the sharp cost increase that has already occurred downstream. Currently, costs are rising faster than the pace of product price adjustments, putting pressure on the company's short-term gross margin, and price increases will become a key means for Qualcomm to solve this problem.