Qualcomm knows that updating older chips is complicated (and expensive) for Android OEMs. The company will make this a bit easier this year.
TLDR
A Qualcomm executive told Android Authority that the company is working to make it easier for OEMs to keep devices with older Qualcomm chipsets up to date.
The company understands that updating older devices is currently “complicated,” not to mention expensive.
There will be some announcements on this topic “later this year,” presumably surrounding the launch of the Snapdragon 8 Gen 4.
What's funny to me is that you could say Apple is the reason for this.
Apple's had longer OS support for their phones than any Android manufacturer for a while, but then Google started catching up when they got their own chips and now Samsung and the others are pushing Qualcomm to quit their bullshit.
I do use an iPhone myself currently, but if Qualcomm opens their shit up enough that OEMs can provide at LEAST 5 years of software updates to their flagships, I might go back to Androidland (though I'm not sure what to even consider, I dislike Samsung and OnePlus disappointed me so hard with the OxygenOS->ColorOS switch that it's literally the reason I went to iOS.
I suppose any Android phone would be good if I ran a custom ROM like I used to, but a couple of years ago bank apps in my country started checking the integrity of the bootloader and whatever. I couldn't find any way around it back then, but maybe there's something now?
While I do not expect to see Android devices with future Snapdragon 8 Gen 4 chipsets immediately booting mainline kernels on release, this might be a step towards achieving something closer to that. Those efforts will certainly make it easier for phone manufacturers to release updated kernels, and therefore Android releases, for their devices, or at least stop using Qualcomm as the excuse for not doing so (see e.g. Fairphone 4's software support roadmap: https://support.fairphone.com/hc/en-us/articles/9979180437393-Fairphone-OS).