We want the world to know that social responsibility is as integral to Qualcomm as our technology is to revolutionizing the wireless industry.

In 2010, through actions large and small, we continued to send a clear signal that we are a company that takes its responsibilities seriously—one built on time-tested values that are the foundation of Qualcomm. We recognize that our success will always be dependent on doing the right thing in every facet of our business. As such, we continue to demonstrate each year that our values are more than just words; they are an inseparable part of who we are.

Perhaps our most far-reaching social responsibility achievement in 2010 was the implementation of our Qualcomm Social Responsibility (QSR) organizational structure. This new structure, embedded within our greater corporate structure, enables us to better inform, assess and guide our social responsibility efforts. Composed of people from across Qualcomm—including members of our executive leadership—our QSR structure provides for greater accountability and transparency and for ongoing improvement of our social responsibility efforts. It integrates responsibility considerations even more deeply in every part of our Company and ensures that our intention to be an engaged and exemplary corporate citizen is factored into every decision we make. Heading this new structure is our QSR Leadership Committee, which guides us on key global citizenship issues and reports annually to the Governance Committee of our Board of Directors. Their leadership and access to our Board ensures social responsibility issues will be weighed at the highest levels of our Company and treated as an essential component of our business strategy.

In 2010, we also worked with a respected ethics consultant to complete a top-to-bottom evaluation and revision of The Qualcomm Way: Our Code of Business Conduct. I am proud of the result. Our enhanced Code is a clear, comprehensive and unequivocal statement of the regulatory and ethical compliance expected of every Qualcomm employee, executive and director. It serves as a compass to guide us in our daily work and a symbol of our commitment to doing the right thing.

I’m proud of Qualcomm for many reasons—and seeing our employees make a real, meaningful difference year after year is high among them. Our employees volunteer in the communities where we do business. They find innovative ways to make our products more sustainable. They recycle, promote inclusion and comply with regulations—in short, they do all the things that make responsibility a defining part of our culture. Our goal is for 100 percent of our employees around the world to make a contribution to our record of responsibility and citizenship.

Overall, our accomplishments in 2010 continued to send a clear message about our commitment to social responsibility. We want the world to know that social responsibility is as integral to Qualcomm as our technology is to revolutionizing the wireless industry. This report is one way we send that signal loud and clear. Thank you for reading it.

Dr. Paul E. Jacobs
Chairman of the Board and Chief Executive Officer