Qualcomm in China or invest 150 million US dollars

July 23, 2014 San Diego, United States - Qualcomm Incorporated (NASDAQ: QCOM) today announced investment commitments totaling up to $ 150 million for Chinese start-ups in all stages. Qualcomm will invest in Chinese companies to further mobile technology in the Internet, e-commerce, semiconductor, education and health sectors. Qualcomm is also pleased to announce that mobile education startup Cambridge WoWo and mobile health company Mint Technology have recently received Qualcomm's investment. Qualcomm's venture capital arm, Qualcomm Ventures, will guide and manage the investment activities associated with these strategic investments.

For more than a decade, Qualcomm has been actively investing in China. This new commitment is based on China's booming entrepreneurial environment for mobile and wireless and its many successful investments in China. Chinese companies that Qualcomm has previously invested in and has successfully exited include Enorbus (acquired by The Walt Disney Company), Aisoft (acquired by TA Associates) and NetQin (NYSE: NQ). Other key Qualcomm investments in China include: Xiaomi, Zhongke ChuangDa, YiMun Advertising Media, TouchPal Technology, Easy-to-use Car, Dolphin Browser, AileQi and Shenzhou Ying. At the same time, Qualcomm also believes that China has an important position in the semiconductor industry. Qualcomm has invested in the semiconductor equipment company AMEC (Semiconductor Manufacturing Co., Ltd.), hoping to increase investment in this area to expand the existing strategic investment in Chinese enterprises.

Chinese companies that have Qualcomm investments benefit from deep insights into mobile technology and leveraging Qualcomm's extensive resources throughout the industry.

Steve 莫伦科夫 chief executive of Qualcomm said: "Since more than a decade ago when we introduced technologies and products in China, Qualcomm through the research and development, licensing our advanced technology and Chinese enterprises to provide the most advanced chip products, Contributing to the development of China's wireless industry.Our strategic cooperation with the wireless industry in China and the technology provided support China's dynamic wireless ecosystem and directly and indirectly promote employment and promote economic growth throughout the industry Through these strategic partnerships and increased venture capital investment, Qualcomm will continue to fully support the continued growth of China's booming mobile ecosystem as well as the development of 4G LTE networks, terminals and applications as well as fully address the industry evolution and challenges it faces, including Upcoming Thousand Times Mobile Data Challenge. "

Qualcomm Venture Capital was formally established in 2000 and currently has more than 100 active investees and 20 investment managers worldwide. Qualcomm Ventures also invests in seed companies through its QPrize / Mobile Internet Entrepreneurship Competition, which evaluates and provides seed funding to promising early Chinese entrepreneurs.

For more information, visit www.qualcommventures.com.

About Qualcomm Incorporated

Qualcomm Incorporated (NASDAQ: QCOM) is a global leader in 3G, 4G and next-generation wireless technologies, including the Technology Licensing Business (QTL) and most of its patent portfolio. Qualcomm Technologies, Inc., (QTI), a wholly-owned subsidiary of Qualcomm, operates Qualcomm's engineering, research and development activities and all its products and services businesses, including its semiconductor QCT, with its subsidiaries. For more than 25 years, Qualcomm's vision and innovation have driven the evolution of digital communications by connecting people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm's website, blog and Weibo.