Press Release

Qualcomm Announces the First Commercially Sampling Tri-mode System-on-Chip with Bluetooth Low Energy 5, Dual band Wi-Fi, 802.15.4 Connectivity for IoT Devices

—Features Advanced Hardware Security and Support for ZigBee 3.0 and Thread with Coexistence across Multiple Wireless Standards and Software Ecosystems—

21 Feb 2017SAN DIEGO

Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), today announced two new System-on-chips (SoCs), the QCA4020 and QCA4024. Qualcomm Technologies is the first to announce a tri-mode SoC QCA4020, integrating Bluetooth® Low Energy 5, Dual-band Wi-Fi®, and 802.15.4-based technologies, including ZigBee® and Thread, while QCA4024 integrates Bluetooth Low Energy 5 and 802.15.4. Both QCA4020 and QCA4024 deliver advanced features from the Qualcomm® Network IoT Connectivity Platform, including seamless coexistence across technologies with pre-integrated support for HomeKit™ and the Open Connectivity Foundation (OCF™) specifications, as well as support for AWS IoT software development kit (SDK) and Microsoft Azure Internet-of-Things (IoT) Devices SDK to connect with Azure IoT Hub. Both solutions support hardware-based security features in a low power, cost-optimized single-chip solution and help address IoT fragmentation, making for flexible product development for OEMs, and support for various devices from different manufacturers to talk to each other across different wireless standards, protocols and communication frameworks, while connecting to a system network and cloud and application services.

With the surge of connected devices in the home and public places, implementing security features for IoT device attacks is a challenge felt industry-wide. Qualcomm Technologies has a strong foundation in device security that stems from our experience with mobile platforms and therefore is uniquely positioned to support IoT security based solutions to help address vulnerabilities and provide advanced security features for devices. QCA4020 and QCA4024 have hardware-based security features and functions integrated in a single integrated circuit (IC), thus providing OEMs with the option of replacing external security chips and potential for bill of materials (BOM) savings.

“Qualcomm Technologies is bringing new interoperability for IoT and addressing ecosystem fragmentation by offering multiple radio, standards, protocols and connectivity framework support on a single-chip solution. This is a game-changer for manufacturers and consumers alike,” said Raj Talluri, senior vice president, product management, Qualcomm Technologies, Inc. “The addition of our industry-leading hardware security features allows manufacturers and developers to support applications including smart cities, toys, home control and automation, networking and home entertainment and offer their customers more advanced security that are cost effective.”

QCA4020 and QCA4024 build upon the success of Qualcomm Technologies’ device-focused IoT solutions such as the QCA400x, QCA401x, QCA4531 that have been proven in hundreds of millions of IoT devices. These solutions can be used to integrate Bluetooth Low Energy 5, Wi-Fi and 15.4 connectivity capabilities across the Qualcomm Network range of solutions complementing portions of the product portfolio beyond IoT devices, such as the recently announced IPQ8074 and QCA6290. Key features include:

  • Tri-mode Intelligent Connectivity with Advanced Smart Coexistence:
    • Bluetooth 5 – Low Energy and CSRMesh™ connectivity
    • Low power Wi-Fi – 802.11n in 2.4 GHz/5 GHz bands
    • 802.15.4 – Support for ZigBee3.0 and Thread via OpenThread
  • Dual-Core Processing:
    • Dedicated ARM® Cortex® M4 CPU for customer applications
    • Low power ARM Cortex M0 CPU for Bluetooth Low Energy drivers and 802.15.4 control and security functions
  • Advanced Hardware-Based Security: featuring secure boot, trusted execution environment, encrypted storage, key provisioning and wireless protocol security
  • Multiple Protocols: Full network stack with pre-integrated software for HomeKit and OCF
  • Pre-integrated Support for Cloud Services: AWS IoT and Microsoft Azure IoT Device SDK to connect devices with Azure IoT Hub
  • Comprehensive Set of Peripherals and Interfaces: SPI, UART, PWM, I2S, I2C, SDIO, and ADC as well as GPIOs
  • Integrated Sensor Hub: for post-processing to enable the low power sensor use cases
  • Small Package: to allow for optimized form factors

QCA4020 and QCA4024 are sampling with select OEMs today and expected to be commercially available in the second half of 2017.

About Qualcomm

Qualcomm's technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages

Qualcomm Contacts

Pete Lancia

Corporate Communications

1-858-845-5959

John Sinnott

Investor Relations

1-858-658-4813

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JAC Capital, Leadcore, Qualcomm and Wise Road Capital Enter Agreement to Form Joint Venture to Design and Sell Smartphone Chipsets in China

In Beijing today, Jianguang Asset Management Co., Ltd. (JAC Capital), Leadcore Technology Co., Ltd (Leadcore, a subsidiary of Datang Telecom Technology Co., Ltd.), Qualcomm (China) Holding Co., Ltd. (a subsidiary of Qualcomm Technologies, Inc) and Wise Road Capital Ltd. (Wise Road Capital) signed an agreement to form a joint venture – JLQ Technology. This joint venture will focus on the design, packaging, testing, customer support and sales related to chipsets for mass-tier smartphones designed and sold into China.

Representatives of JAC Capital, Brighten Li, chairman of the Investment Evaluation Committee, William Sun, general manager and Jason Jia, deputy general manager attended. On behalf of Datang Telecom Technology and Industry Group, Shanzhi Chen, vice president attended. On behalf of Datang Telecom Technology Co., Ltd, Yonghua Li, president and Kun Jiang, vice president attended. From Wise Road Capital, managing partner, attended the event. Representatives of Qualcomm, Cristiano Amon, executive vice president of Qualcomm Technologies, Inc. and president of QCT, Frank Meng, chairman of Qualcomm China, Savi Soin, vice president of strategy for Qualcomm Technologies, Inc., and other senior Qualcomm executives attended. Guoliang Qian, vice president of Datang Telecom and chief executive officer of Leadcore, hosted the ceremony.

This joint venture will combine Qualcomm’s advanced technology, scale, product portfolio with Leadcore’s accomplished R&D capability as well as deep relationships in China. JAC Capital’s wide connections in Chinese financial circle, and Wise Road Capital’s financial and industry eco-system resources home and abroad.

“This joint venture represents the organic combination of financial and industry resources of Qualcomm, JAC Capital, Datang Telecom, and Wise Road Capital, the synergy of which is advantageous to local technology innovation,” said Brighten Li, chairman of investment evaluation committee, JAC Capital. “It also represents an important step for JAC Capital as an eco-system player in the global semiconductor industry. JAC Capital, with its background in the financial industries and many- years of experience in the semiconductor and telecommunication industries, will help this joint venture to achieve long-term success.”

“With China’s growing consumption of consumer chipsets and a well-developed smartphone eco-system, this joint venture will be well-positioned to tap into the growing consumer demand in China,” Said William Sun, general manager, JAC Capital. “We believe the establishment of this Joint Venture in IC design will be beneficial for consumers and boosting China’s IC design industry.” Jason Jia, deputy general manager of JAC Capital, was quoted as saying, “Success of the joint venture is dependent on the level of collaboration among our partners. JAC Capital remains committed towards working with our partners and marching towards our common goals.”

“For a long time, Datang Telecom Industry Group has been paying great attention to its development in the mobile industry. Now, the establishment of this joint venture could be regarded as a key milestone. As one of the most important IC design subsidiaries of Datang Group, Leadcore has been, for years, one of the leaders of SoC design in China, especially in wireless technologies,” Said Shanzhi CHEN, vice president, Datang Telecom Industry Group, “We sincerely believe that this joint venture among Datang, Qualcomm, JAC Capital and Wise Road Capital, through combined contributions of leading technologies and capital, will further strengthen the overall competitiveness in mobile communication.”

“As a state-owned high-tech backbone enterprise in the field of information communication, Datang Telecom has being put its focus on the core areas of the ICT industry. Datang Telecom is also actively seeking cooperation with the industry's leading companies to achieve win-win situation, while continue its internal development." Said Yonghua Li, CEO of Datang Telecom Technology Co., Ltd. "By working together with domestic and international capitals, Datang Telecom and the world’s leading companies learn and benefit from each other through in-depth cooperation in the areas of technology, talents, market and etc, which will drive the IC development into a new situation.”

Guoliang Qian, chief executive officer of Leadcore said, "Since its inception, Leadcore has been committed to providing advanced mobile terminal chip and solutions. With burgeoning local IC design talents, we expect this joint venture to rapidly enter into its target segment and engage with a widespread range of customers.

“This joint venture further demonstrates Qualcomm’s long term commitment to the China mobile industry. This project will help Qualcomm expand its presence to new segments and customers, as an addition to our vibrant and fast growing semiconductor business in China” said Cristiano Amon, executive vice president, Qualcomm Technologies, Inc., and president, QCT.

 “Qualcomm has been a leading technology innovator in mobile for more than 30 years and we assume that this joint venture will develop chipsets to serve the 4G smartphone ecosystem in China,” said Frank Meng, chairman, Qualcomm China.

“Wise Road Capital is committed to provide this joint venture with financial and industry resources to accelerate its growth,” said Michael Zhang, managing partner, Wise Road Capital. “We hope this joint venture will build an important foundation for the long-term collaboration between our US and China partners. Wise Road Capital has established a focused fund to invest in the mobile technology eco-system to boost co-growth of portfolio companies, and strengthen collaboration with our partners.”

JLQ Technology will be registered in Gui’an New Area in Guizhou Province. The formation of this joint venture is subject to the approval by relevant authorities, and the parties currently anticipate that it will be completed later this year. 

About JAC Capital

Beijing Jianguang Asset Management Co., Ltd. (“JAC Capital”) is a subsidiary of JIC Capital which is part of JIC Group (China Jianyin Investment Ltd). JAC Capital was established for the purpose of investing in the high tech industry including semiconductor, information technology, networking, data service, cloud computing and telecommunications. By taking advantage of the abundant resources of its shareholders in the international financial market, JAC Capital partners with industrial leaders in various sectors and makes investments in the focused high tech industry and the global semiconductors market to support its continuous development.

About Leadcore

As a member of Datang Telecom Technology Co., Ltd. (“DTT”), Leadcore Technology Co., Ltd. (LEADCORE) is dedicated to providing leading 3G/4G chip and mobile terminal solutions. Leadcore’s headquarter locates in Shanghai China, and its RD and service centers covers in Beijing, Shenzhen and Hong Kong.

About Qualcomm

Qualcomm's technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio.  Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.

About Wise Road Capital

Wise Road Capital is a global private equity fund that is focused on investing into solid high tech companies by identifying opportunities in enabling technologies for global urbanization and smart/green life through close cooperation with leading companies along several main themes, including smart city, intelligent manufacturing, renewable energies, etc. Wise Road Capital is striving to build a healthy international eco-system around those key themes through its investments and its international management team with a combination of industry and investment background.

26 May 2017
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Qualcomm Continues Inspiring Underrepresented Students to Explore STEM Education by Expanding the Reach of the Qualcomm Thinkabit Lab Nationwide

In an effort to reach beyond the more than 12,000 students, teachers and parents who have visited the Qualcomm® Thinkabit Lab™ since its opening in 2014 at the Company’s headquarters, Qualcomm Incorporated announced today the launch of the Thinkabit Lab Toolkit to be offered free-of-charge to organizations interested in creating sustainable and scalable STEM programs, such as school districts, libraries, businesses and universities across the U.S.

By accessing the Toolkit, participating organizations will be able to create their own STEM lab “Inspired by the Qualcomm Thinkabit Lab”, by following guidelines, materials and teaching resources based on the successful signature activities offered at the original Company’s lab. The Thinkabit Lab aims to foster creativity and collaboration among students in a part maker-space, part lab environment, and provides career exploration guidelines and resources, as well as engaging, hands-on engineering activities to inspire and expose participants to future possibilities and STEM career opportunities.

“At Qualcomm we are constantly thinking of ways to inspire the next generation of STEM innovators, and to contribute to a better prepared, and more diverse future workforce,” said Susie Armstrong, senior vice president, engineering, Qualcomm Incorporated, and leader of the Thinkabit Lab. Thinkabit Lab has proven to be a successful way to achieve that, and we are excited to continue expanding beyond San Diego by offering our new Thinkabit Lab Toolkit and by working with organizations committed to bring STEM opportunities to students.”

According to the Programme for International Student Assessment (PISA), out of 71 countries, the U.S. ranks 38th in math and 24th in science. With programs like the Thinkabit Lab and the Thinkabit Lab Toolkit, Qualcomm is hoping to influence interest in STEM by exposing students in a fun and engaging way to the depth and breadth of the tech industry.

The Thinkabit Lab Toolkit includes two key components of the program: Qualcomm World of Work (QWOW) content and the engineering lab experience. QWOW is a set of career and self-exploration activities based on the work of Qualcomm’s Career Explorations team and the team’s experiences with community youth programs. The engineering lab experience features the highly successful Thinkabit Lab signature activities that culminate in robo-crafting projects, which inspire students’ collaboration and creativity, and demystifies engineering.

Over the past three years the Thinkabit Lab in San Diego has provided students from schools around the county with engaging, day-long, hands-on engineering and career exploration activities. Exposing students from all cultural and socioeconomic backgrounds to STEM education and careers, the Thinkabit Lab has hosted more than 400 classes and camps, promoting STEM career awareness. Today there are nine “Inspired by Qualcomm Thinkabit Lab” sites in varying stages of development, including five middle schools across San Diego county, a library in Chula Vista, CA, and two private-sector businesses in San Diego, as well as a space at Virginia Tech University in Washington D.C.

About Qualcomm
Qualcomm's technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.

24 May 2017
Press Releases

Qualcomm Fuels IoT Growth by Currently Delivering More Than 1 Million Chips a Day into a Wide Range of Connected Applications

Qualcomm Incorporated (NASDAQ: QCOM) through its subsidiary, Qualcomm Technologies, Inc., today announced at its Internet of Things (IoT) industry analyst workshop that the Company is currently shipping more than 1 million chips per day for the IoT*. This momentum reflects Qualcomm Technologies’ unique ability to invent and deliver the technologies needed for the IoT, and to meet challenging customer requirements for interoperability, connectivity, compute and security. The Company uses its technical expertise to design platforms that help customers commercialize IoT products quickly and cost-effectively in areas including wearables, voice and music, connected cameras, robotics and drones, home control and automation, home entertainment, and commercial and industrial IoT.

“We are focused on significantly expanding capabilities at the edge of the network by supporting everyday objects with the connectivity, compute and security technologies required to build a powerful Internet of Things, where devices are smart, convenient, work well together and incorporate advanced security features,” said Raj Talluri, senior vice president, product management, IoT, Qualcomm Technologies, Inc. “While hundreds of brands have shipped over 1.5 billion IoT products using our solutions, we are just getting a glimpse of the benefits that the IoT can deliver, with analysts estimating that IoT applications could have a total economic impact of up to 11 trillion dollars a year by 2025. We have built strong capabilities on top of our leadership in mobile inventions, and we are innovating in exciting new areas such as deep learning, voice interface and LTE IoT that will power a new generation of IoT devices.”

Qualcomm Technologies’ traction in IoT spans across a variety of ecosystems. For instance, the Company's wearables platforms have been adopted in more than 150 wearable designs, and over 80 percent of Android Wear™ smartwatches launched or announced are based on Snapdragon Wear 2100. In smart homes, more than 125 million TVs, home entertainment and other connected home products from leading brands have shipped using Qualcomm Technologies’ connectivity chips. For commercial and industrial IoT applications, over 30 designs are using the Company’s MDM9206 modem with multimode support for LTE categories M1 and NB1, E-GPRS and global RF bands. MDM9206 is purposely developed for IoT applications and is commercially available today.

To address this wide variety of ecosystems, form factors and requirements in the IoT, Qualcomm Technologies offers one of the broadest portfolios of chips and platforms, including mobile, multimedia, cellular, Wi-Fi and Bluetooth system-on-chips. These solutions include comprehensive software with platform-specific applications and APIs, as well as support for multiple communication protocols, operating systems and cloud services.

To further help manufacturers develop IoT devices quickly and cost-effectively, Qualcomm Technologies makes available more than 25 production-ready reference design platforms through a network of original design manufacturers (ODMs) for products including voice-enabled home assistants, connected cameras, drones, VR headsets, lighting, appliances and smart hubs/gateways.

For more information, visit www.qualcomm.com/IoT.

About Qualcomm

Qualcomm's technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.

23 May 2017
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Qualcomm, China Mobile Research Institute and Mobike Plan to Commence First of its Kind LTE IoT Multimode Field Trials in China

Qualcomm Incorporated (NASDAQ: QCOM) announced today that its subsidiary, Qualcomm Technologies, Inc., plans to commence the first eMTC/NB-IoT/GSM (LTE Cat M1/NB1 and E-GPRS) multimode field trials in China, with China Mobile Research Institute (CMRI) and China’s leading smart bike sharing company, Mobike. The field trials’ plans contemplate making use of China Mobile’s 2G/4G multimode network and Mobike’s smart lock, supported by the Qualcomm Technologies’ MDM9206 global multimode LTE modem for Internet of Things (IoT) applications. The LTE connectivity and integrated GNSS position-location capability in the MDM9206 LTE modem is designed to help Mobike customers accurately identify an available bike, accelerate the unlock process of the smart lock and assist with real-time management – all while providing Mobike with continuous monitoring of the bike’s status. The trial between Qualcomm Technologies, Mobike and CMRI, marks an important step in the effort by leading wireless and consumer services companies to bring the benefits of global multimode LTE for IoT, to millions of users and large number of industrial enterprises.

In addition, the MDM9206 global multimode LTE modem together with Qualcomm Technologies’ low-power Bluetooth solution is planned to be used in the smart Mobike Preferred Location (sMPL) platform to support sub-meter level positioning, helping Mobike monitor the real-time location and overall status of its bikes including quantity, position, and traffic information from different regions. This platform is also designed to provide operations personnel with smart instructions for the delivery, scheduling, operation and maintenance of the bikes.

“China Mobile Research Institute has been actively boosting the development of IoT and exploring new IoT business opportunities,” said Madam Huang Yuhong, the DGM of China Mobile Research Institute. “This planned field trials with Qualcomm Technologies and Mobike will further expand the applications for LTE IoT (eMTC/NB-IoT) in areas such as smart bike sharing and smart travel. We will conduct cross-industry integration and innovation to boost ubiquitous IoT solutions and the smart IoT life by jointly working with the China Mobile 5G Joint Innovation Center, and taking full advantage of China Mobile’s vast GSM network and technology leadership in eMTC/NB-IoT.”

“We are committed to providing IoT-optimized solutions that address demands from our customers to bring a new range of applications and services built on the reliability, efficiency and global scale of LTE IoT cellular connectivity,” said Way-Shing Lee, vice president, technology, Qualcomm Technologies, Inc. “Through this cooperation with China Mobile Research Institute and Mobike on the first multimode eMTC/NB-IoT field trial in China, we can showcase a highly connected and efficient system for a new IoT application such as Mobike’s bike sharing platform.”

“Mobike pioneered the world’s first smart bike sharing platform, and we are committed to addressing the challenge of short-trips with innovative technologies and solutions and bringing bikes back to the city. Currently, more than 4.5 million smart bikes operate on the Mobike system, which are equipped with the exclusive, independently researched and developed smart locks. Using connectivity capabilities such as those of the MDM9206 LTE modem with integrated GNSS supporting GPS BeiDou and Glonass, Mobike has become one of the largest mobile IoT systems in the world,” said Joe Xia, co-founder and CTO of Mobike. “Mobike is pleased to work with leading enterprises in global communications and IoT industries like Qualcomm Technologies and China Mobile Research Institute in order to deliver IoT applications and services for end users while taking full advantages of the latest technology breakthroughs.”

The MDM9206 LTE modem is designed to support global Category M1 and NB1/GSM multimode. The IoT-optimized narrowband LTE technologies help the MDM9206 modem to support cost-efficient, low-power, low-bandwidth, multi-year battery life and greater coverage for the next-generation of IoT products and services as compared to previous LTE generations. The MDM9206 LTE modem also provides leading-edge location performance, including an integrated A-GNSS solution, support for cellular and Wi-Fi positioning. The Cat M1 and NB1 LTE modes designed in the MDM9206 modem bring many enhancements and optimizations to LTE that will help reduce IoT device complexity for IoT platforms like Mobike with quicker time to commercialization of their products.

Additionally, Cat M1 and NB1/GSM multimode will enable IoT platforms such as Mobike to develop IoT products that can function in a diverse set of operator deployments worldwide, maximizing the products’ global reach and scalability. The new technologies also can use existing LTE infrastructure and spectrum, coexisting with today’s mobile broadband services, while providing a superior solution to proprietary technologies for low-power wide area networks.

About Qualcomm
Qualcomm's technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s
website, OnQ blog, Twitter and Facebook pages.

About China Mobile Research Institute
China Mobile Research Institute (CMRI) is directly under China Mobile Communications Corporation (CMCC). The CMRI specializes in broad research and technology areas of Telecommunications and IT fields, including wireless access technology, future network technology, strategic research, service technology, Internet of things research, IT and Big Data, industry and market research, operational support, etc. Its mission is to become the engine to drive innovations within China Mobile and to be a world-class industry research lab contributing to the entire ICT industry

About Mobike
Mobike is the world’s first and largest smart bike-sharing company. Its mission is to bring more bikes to more cities, using its innovative technology to make cycling the most convenient and environmentally-friendly transport choice for urban residents. Using specially designed bikes equipped with GPS, IoT chips and proprietary smart-lock technology, Mobike enables users of its smartphone app to find a bike near them and unlock it simply by scanning a QR code. After reaching their destination, the user parks the bike by the roadside and locks it, automatically making the bike available to other Mobike users nearby. The company officially launched its service in Shanghai in April 2016 and in less than a year since then has expanded the service to over 80 cities across China and internationally, operating nearly 4.5 million smart Mobikes. For more information, visit: mobike.com.

23 May 2017
Press Releases

Qualcomm Announces Pricing of $11.0 Billion Senior Notes Offering

Qualcomm Incorporated (NASDAQ: QCOM) today announced it has priced a public offering of senior unsecured notes in a combined aggregate principal amount of $11.0 billion, consisting of:

  • $0.75 billion three-month LIBOR plus 0.36% Floating Rate Notes due 2019
  • $0.50 billion three-month LIBOR plus 0.45% Floating Rate Notes due 2020
  • $0.50 billion three-month LIBOR plus 0.73% Floating Rate Notes due 2023
  • $1.25 billion 1.85% Senior Notes due 2019
  • $1.50 billion 2.10% Senior Notes due 2020
  • $1.50 billion 2.60% Senior Notes due 2023
  • $1.50 billion 2.90% Senior Notes due 2024
  • $2.00 billion 3.25% Senior Notes due 2027
  • $1.50 billion 4.30% Senior Notes due 2047

Qualcomm intends to use the proceeds to fund a portion of the purchase price of Qualcomm’s planned acquisition of NXP Semiconductors N.V. and other related transactions as well as for general corporate purposes. The issuance of the notes is expected to close on or about May 26, 2017, subject to customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering.

The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission ("SEC"). The offering will be made only by means of a prospectus supplement relating to the offering and the accompanying base prospectus, copies of which may be obtained on the SEC website at http://www.sec.gov, or by contacting Goldman Sachs & Co. LLC by emailing prospectus-ny@ny.email.gs.com or calling toll-free at 1-866-471-2526;  J.P. Morgan Securities LLC, by calling collect at 212-834-4533; or Merrill Lynch, Pierce, Fenner & Smith Incorporated, by emailing dg.prospectus_requests@baml.com or calling toll-free 1-800-294-1322.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of these Notes, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Qualcomm

Qualcomm’s technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.

Note Regarding Forward-Looking Statements

In addition to the historical information contained herein, this press release contains forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding the note offering, including the use of proceeds from the offering and the expected closing date of the offering. Forward-looking statements are generally identified by words such as “estimates,” “guidance,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks” and similar expressions. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to risks that we may be unable to redeem any or all of the Special Mandatory Redemption Notes (as defined in the Preliminary Prospectus Supplement referenced below) in the event of the Special Mandatory Redemption (as defined in the Preliminary Prospectus Supplement referenced below); in the event of a Special Mandatory Redemption, holders of the Special Mandatory Redemption Notes may not obtain their expected return on such notes; the notes will be effectively junior to any secured indebtedness that we may incur in the future; we may incur additional indebtedness ranking equal to the notes; the notes will be effectively junior to any indebtedness and other liabilities of our subsidiaries; the notes do not have an established trading market, which may negatively affect their market value and a noteholder’s ability to transfer or sell their notes; ratings of the notes may change and affect the market prices and marketability of the notes; the amount of interest payable on the Floating Rate Notes (as defined in the Preliminary Prospectus Supplement referenced below) is set only once per period based on the three-month LIBOR rate on the interest determination date, which rate may fluctuate substantially; uncertainty relating to the LIBOR calculation process may adversely affect the value of the Floating Rate Notes; the financial information presented for Qualcomm and NXP Semiconductors N.V. (NXP) may not be fully comparable due to the different fiscal year-ends of each company; our proposed acquisition of NXP; commercial network deployments, expansions and upgrades of CDMA, OFDMA and other communications technologies, our customers’ and licensees’ sales of products and services based on these technologies and our customers’ demand for our products and services; competition in an environment of rapid technological change; our dependence on a small number of customers and licensees; our dependence on the premium-tier device segment; attacks on our licensing business model, including current and future legal proceedings or actions of governmental or quasi-governmental bodies or standards or industry organizations; potential requirements to change our patent licensing practices due to governmental investigations and/or private legal proceedings challenging those practices; government regulations and policies, or adverse rulings in enforcement or other proceedings; the enforcement and protection of our intellectual property rights; the commercial success of our new technologies, products and services, including our ability to extend our products into new and expanded product areas and adjacent industry segments; risks associated with operation and control of manufacturing facilities acquired through the formation of our joint venture, RF360 Holdings Singapore Pte. Ltd.; the continued and future success of our licensing programs and the need to extend license agreements that are expiring; our dependence on a limited number of third-party suppliers; claims by third parties that we infringe their intellectual property; strategic acquisitions, transactions and investments; our use of open source software; our stock price and earnings volatility; our indebtedness; foreign currency fluctuations; global regional or local economic conditions that impact the industries in which we operate; our ability to attract and retain qualified employees; failures in our products or services or in the products or services of our customers or licensees, including those resulting from security vulnerabilities, defects or errors; security breaches of our information technology systems; and potential tax liabilities. These and other risks are set forth in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 26, 2017 and Preliminary Prospectus Supplement dated May 19, 2017 filed with the SEC. Our reports filed with the SEC are available on our website at www.qualcomm.com. We undertake no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

19 May 2017