The impact of the global memory chip shortage first manifests in the upstream of the supply chain, particularly with the insufficient supply of memory components. This shortage directly affects the midstream production of graphics processing units (GPUs), which are crucial components of smartphone chipsets. Due to the bottleneck in memory supply, the production and delivery capacity of GPUs are constrained, subsequently impacting the overall production efficiency of smartphone chipsets. For Qualcomm, this means its smartphone chipset supply chain faces significant pressure, potentially leading to production delays and unstable deliveries. As chipset supply tightens, Qualcomm may encounter rising costs, as acquiring key components typically becomes more expensive under supply constraints. Additionally, the pressure on production and delivery could weaken Qualcomm's competitiveness in the market, affecting its product profitability and market share. Overall, the memory chip shortage, transmitted through the supply chain, poses multiple challenges to Qualcomm's production and market performance.