Qualcomm will have to change that, what with the EU now mandating a minimum of 5 years of updates after the phone is no longer sold.
So if Qualcomm expects their SoCs to be on the market for 2-4 years, like they do right now, they will have no choice but to provide updates for 7-9 years.
I wouldn’t be surprised if, given this development, Fair phone turn to the more conventional chips other OEMs use.