Qualcomm Donates Funds to China's Yunnan Earthquake Relief
SAN DIEGO, Aug. 11, 2014 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has donated $325,000 to assist in earthquake relief efforts in China's Yunnan Province. Qualcomm has committed the funds to Charities Aid Foundation of America (CAF America) who has made a grant from their fund to the China Youth Development Foundation (CYDF) at the Company's suggestion.
"Qualcomm is deeply saddened by the loss of life, injuries and destruction caused by the recent earthquake in China's Yunnan Province. We extend our deepest sympathies and support to those affected," said Xiang Wang, SVP and president of Qualcomm Greater China. "This contribution is in the hope for a quick recovery of the impacted areas."
CAF America is a global grantmaking organization assisting corporations, foundations, and individuals. They help donors support great causes by assisting them in making strategic and effective grants internationally and domestically.
China Youth Development Foundation's main programs focus on rural education, including school construction, teacher training, student scholarships, and school-based nutrition programs. It also works on improving rural health infrastructure, environmental awareness and disaster relief. In response to the Yunnan province earthquake, CYDF has launched "Project Hope Emergency Relief Action Fund" to help youth and their families affected by the earthquake.
About Qualcomm Incorporated
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless technologies. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.
Tina Asmar, Corporate Communications
Warren Kneeshaw, Investor Relations
SOURCE Qualcomm Incorporated