It's not all suppliers, Qualcomm is less likely to play that game. Valve was referencing specifically dram and flash memory suppliers, who are a cartel already and are now also looking at surging demands so they can perform a direct market shakedown by figuring out which customers still need to pay that much and which have been priced out.

They will keep going until the amount they produce no longer has customers, but until then they have not found the highest price for their goods, and the line must go up.