— Qualcomm European Funding Program Supports Computer Laboratory in Perpetuity Through EndowmentSAN DIEGO
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies and mobile data solutions, today announced that the Company has founded the Qualcomm Research Studentship in Computing at the University of Cambridge with a donation of USD$1 million, designed to fund doctoral students in perpetuity to enhance the University's pursuit of excellence in computing.
Qualcomm is providing support to the Cambridge Computer Laboratory during the public phase of the Cambridge 800th Anniversary Campaign by donating to the endowment fund, which offers the laboratory greater flexibility in recruiting the most promising computing research talent from countries worldwide, including Australia, China, India, Japan, Korea and the United States.
“Cambridge research is recognised as the international leader in computing science, and the University's ability to independently fund doctorate research students to study in the U.K. is a critical competitive weapon in ensuring that we are responsible for the training of future industry leaders,” said Professor Andy Hopper, head of the University of Cambridge Computer Laboratory. “The donation from Qualcomm, an industry leader, will allow the University to draw from the widest possible global pool of students for key research projects in pervasive and mobile computing, networks, and communicative interaction between users and systems. Qualcomm is one of the leading named organisations to donate to the endowment fund.”
Over 2004 and 2005, the laboratory had applications from students from more than 50 countries, with students from more than 30 countries accepted to begin research doctorate studies. Qualcomm made an investment two years ago in the city of Cambridge through the acquisition of Trigenix, a developer of mobile user interfaces. In August 2006, the Company acquired Qualphone, a leading provider of advanced IP-based device test and software development solutions, in order to accelerate the delivery of attractive and more feature-rich devices to subscribers in Europe.
“This donation is part of Qualcomm's inward investment program in Europe and ensures the future of computing innovation and the reputation of Cambridge as the international seat of computing research,” said Andrew Gilbert, president of Qualcomm Europe. “Qualcomm's participation in the endowment fund allows a wider intake of doctorate calibre research students in areas of fundamental importance to the advancement of computing.”
Qualcomm regularly funds initiatives in local communities through its work in the three primary fields of education, arts and culture and health and human services, and has been recognised through awards from the FTSE and Business Ethics magazine. Qualcomm Europe will focus its initial program of inward investment throughout the region on the field of education.
For more information on Qualcomm Corporate Giving, visit: www.qualcomm.com/community/corporate_giving.html
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 2006 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
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November 13, 2006
November 13, 2006