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They're shipping the firmware, drivers, libraries and other device support code provided by Qualcomm including proprietary and shared source code that they're not able to continue supporting themselves. They've demonstrated they don't provide any proper extended support already.
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Qualcomm's proprietary device support code is largely shared source rather than closed source so vendors could actually maintain most of it long afterwards but they choose not to do it. Qualcomm would also probably happily support it longer if they got paid by many OEMs for that.
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It's entirely possible to developer / use separate device support code but companies like Fairphone aren't playing any role in doing it. Samsung and Google are in a position where they can easily provide 5+ years of support because of having their own SoC. Way harder for others.
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It's likely that the Pixel 6 will have a 5 year minimum guarantee. Samsung's seems to use Snapdragon in the US due to patent licensing issues. It's much less of an issue for the newer cellular standards. Once 2G and 3G are phased out and especially once 5G is the norm it'll help.
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