As Brent crude oil prices soar to their highest in over three years, the ripple effects across the global supply chain are becoming evident. Initially, the surge in oil prices directly impacts the production costs of polyimide, a crucial high-performance plastic widely used in electronics manufacturing. The increased cost of polyimide subsequently raises the cost of memory chips, which are essential components of graphics processing units (GPUs). GPUs play a critical role in smartphone chipsets, and Qualcomm, as a leading global chip manufacturer, sees its products extensively used in smartphones. With rising costs of upstream materials and midstream components, Qualcomm faces dual pressures of increased production costs and supply instability. This could lead to a decline in its product profit margins and weaken its competitiveness in the fiercely contested market. Additionally, supply chain instability may result in production and delivery delays, further impacting Qualcomm's market performance.