May 23, 2000SAN DIEGO
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced it has passed a major milestone with the shipment of more than 100 million Mobile Station Modem (MSM™) chipsets and system software to customers worldwide. The production shipment milestone for these highly integrated CDMA handset semiconductors was reached as the CDMA market continues to grow with a subscriber base that has more than doubled within the last 12 months, according to the CDMA Development Group (CDG). As the industry evolves to third-generation (3G) CDMA services, Qualcomm continues to make innovative advances in CDMA development. With more than 100 million Qualcomm-designed MSM chipsets shipped to handset manufacturers worldwide - a rapid ramp-up from the less-than-one million MSM chipsets shipped four years ago - Qualcomm remains the world's largest provider of chipsets and system software for CDMA wireless systems.
"The dramatic increase in Qualcomm's chipset production and shipping reflects not only the success of Qualcomm's CDMA products, but also the success of the fabless semiconductor business model," said Jodi Shelton, executive director of the Fabless Semiconductor Association. "As the world's largest fabless semiconductor company, Qualcomm has utilized the flexibility and responsiveness of the fabless model to supply the rapidly growing digital wireless industry's demands with tremendous acuity."
"Qualcomm's long-term partnerships with the leading CDMA handset manufacturers in the world, combined with a consistent on-time delivery record in supplying innovative CDMA products and solutions, has helped drive the rapid growth of CDMA," said Don Schrock, president of Qualcomm CDMA Technologies. "Our next generation of Internet-ready, multimedia chipsets and system software will continue that tradition of leadership by enabling manufacturers worldwide to transition smoothly to 3G systems and develop the most advanced CDMA handsets available, reducing time-to-market and cost while offering an amazing array of new products and services."
With the increasing demand for digital wireless communications and new data services, Qualcomm's MSM chipsets are now being developed on three parallel fronts:
To meet the growing demand for next-generation voice and data services - as well as terminals and networks - with a seamless and cost-effective migration path, Qualcomm has worked with equipment manufacturers and network operators worldwide to introduce a variety of CDMA solutions targeted for specific market needs. Recently introduced Qualcomm products and technologies that address these needs include:
Qualcomm CDMA Technologies (QCT) is the leading developer and supplier of CDMA chipsets, hardware and software solutions and tools with more than 100 million MSM chips shipped worldwide. QCT supplies chipsets to the world's leading CDMA handset and infrastructure manufacturers including: Acer Peripherals, Inc., ALPS ELECTRIC CO., LTD.; CASIO COMPUTER CO., LTD.; DENSO CORPORATION; FUJITSU LIMITED; Hitachi, Ltd.; Hyundai Electronics Industries Co., Ltd.; KYOCERA CORPORATION; LG Information and Communications, Ltd.; Samsung Electronics Ltd.; SANYO Electric Co., Ltd.; and Toshiba Corporation, among others.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include integrated CDMA chipsets and system software; technology licensing; Eudora® email software for Windows® and Macintosh® computing platforms; satellite-based systems including portions of the Globalstar™ system and wireless fleet management systems, OmniTRACS® and OmniExpress™. Qualcomm owns patents which are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. Qualcomm has licensed its essential CDMA patent portfolio to more than 75 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., Qualcomm is included in theS&P500 Index and is a 2000 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, and those related to performance guarantees, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 26, 1999, and most recent Form 10-Q.