Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of Code Division Multiple Access (CDMA) and other advanced wireless technologies, today announced a new manufacturing partnership with Samsung Electronics Co., Ltd., a leader in advanced semiconductor technology. Samsung will leverage its significant investments in process technology, development and capital in order to provide technology and manufacturing services in advanced CMOS-based processes to Qualcomm.
"As a leading supplier of wireless chipsets, Qualcomm is committed to not only delivering compelling performance and features to the market, but also supplying an ample quantity of chipsets to enable the rapid growth of this exciting market sector," said Dr. Sanjay K. Jha, president of Qualcomm CDMA Technologies. "Our foundry agreement with Samsung will provide an additional source of supply and assist us in our strategy aimed to ensure capacity to support existing and anticipated business growth in both CDMA and WCDMA markets."
"Strong business and technology synergies between the two companies make this strategic foundry partnership the next logical step in a long-standing relationship," said Dr. Oh-Hyun Kwon, president of Samsung's System LSI business. "With a strong commitment to leading-edge technology and state-of-the-art 300mm wafer capacity, we expect to see our strategic foundry business grow with companies such as Qualcomm."
Qualcomm and Samsung's new foundry partnership expands on the two companies' existing relationship, and builds upon Qualcomm's fabless business model of outsourcing foundry operations to partners such as Samsung. The companies will collaborate on current and future technology needs, with plans including the usage of Samsung's 90 nanometer (nm) and sub-90 nm nodes to enable manufacturing of leading-edge system-on-a-chip (SOC) products.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2004 parent company sales of US$55.2 billion and net income of US$10.3 billion. Employing approximately 113,600 people in over 90 offices in 48 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2005 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 the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, 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 25, 2005, and most recent Form 10-Q.