QUALCOMM Selects Samsung Electronics Co., Ltd. for New Supply Partnership
- Samsung to Provide Manufacturing and Technology Services,
Expanding Existing Relationship -
SAN DIEGO, Nov. 22 /PRNewswire-FirstCall/ -- 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(R)
company traded on The Nasdaq Stock Market(R) 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.
QUALCOMM is a registered trademark of QUALCOMM Incorporated. All other
trademarks are the property of their respective owners.
QUALCOMM Contacts:
Jeremy James, Corporate Communications
Phone: 1-858-651-1641
Email: corpcomm@qualcomm.com
or
Bill Davidson, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Samsung Contact:
Lisa Warren-Plungy, Samsung Semiconductor, Inc.
Phone: 1-408-544-5377
Email: lwarrenplungy@ssi.samsung.com
SOURCE QUALCOMM Incorporated
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