MEDIA RELEASE PR38122
Qualcomm Celebrates Nearly 20 Years of Korean Collaboration and Partnership at Qualcomm
Partners' Day
SEOUL, Feb. 1 /PRNewswire-AsiaNet/ --
- Research and Development Center and Venture Investment
Announced -
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator
of advanced wireless technologies, products and services, today is hosting
its inaugural 2010 Qualcomm Partners' Day in recognition of the cooperation
and support it has received from Korea and Korean companies and to voice its
commitment to continued collaboration. Korea was among the first to adopt and
successfully commercialize CDMA technology, and Korean mobile handset
manufacturers play a significant role in the advancement of the global
wireless industry. As part of Qualcomm Partners' Day, Qualcomm announced it
will establish a research and development center in Korea and will invest in
PULSUS Technologies.
In cooperation with Korean industry, academic and governmental
institutions, Qualcomm's planned R&D center will expand research
collaborations with Korean organizations and focus on advances in next
generation mobile communication technology. Dr. Te-Won Lee, currently a
senior director with Qualcomm's corporate R&D organization and a noted
authority in audio processing and multimedia technologies, has been appointed
to oversee the center.
As part of an initiative with the Korea Trade Investment Promotion Agency
(KOTRA) and the Ministry of Knowledge Economy (MKE), Qualcomm also announced
that Qualcomm Ventures, which invests in promising, early-stage
high-technology ventures, has executed an investment agreement with PULSUS
Technologies. In April 2009, Qualcomm co-hosted the Global Alliance Project
Series (GAPS) with KOTRA and MKE and announced its intent to invest in Korean
venture companies. PULSUS Technologies, a leading developer of digital pulse
modulation amplifier (DPMA) technology chips that transform audio signals and
allow them to be digitally amplified, is the first company to be selected as
a part of this joint effort.
"Qualcomm's Korean partners have made remarkable achievements in the
global wireless industry and we are honored to have been a part of this
important success," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.
"We are pleased to express our gratitude to our numerous Korean partners at
the 2010 Qualcomm Partners' Day, many of whom have contributed towards the
mutual development and growth of the Korean and global wireless industries."
"Today is a very special day in Qualcomm's history of partnership with
Korean industry," said Dr. Young Koo Cha, senior vice president of Qualcomm
and president of Qualcomm Korea. "The establishment of an R&D center fosters
continued cooperation as we work towards future success in a rapidly
expanding mobile market. We also are excited to be investing in a pioneering
Korean company and hope this support will pave the way for PULSUS
Technologies to advance in the global market."
"We look forward to the establishment of our Korea R&D center and the
expansion of Qualcomm's research partnerships in Korea," said Matt Grob,
senior vice president of engineering for Qualcomm. "Under the direction of
Dr. Te-Won Lee, Qualcomm's R&D center will leverage the expertise of Korean
partners in government, academia and industry to collaborate on the next
generation of mobile user solutions, with a particular focus on mobile
multimedia."
Qualcomm Incorporated (Nasdaq: QCOM) 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 100 Index, the S&P 500 Index and is a
2009 FORTUNE 500(R) company. For more information, go to
Qualcomm is a registered trademark of Qualcomm Incorporated. All other
trademarks are the property of their respective owners.
Qualcomm Contact:
Seungsoo Kim, Qualcomm Korea Public Relations
Phone: +822-530-9872
Email: seungsoo@qualcomm.com
Tina Asmar, Corporate Communications
Phone: +1-858-845-5959
Email: corpcomm@qualcomm.com
Christine Trimble, Public Affairs
Phone: +1-858-845-5959
Email: public.affairs@qualcomm.com
Warren Kneeshaw, Investor Relations
Phone: +1-858-658-4813
Email: ir@qualcomm.com
SOURCE: Qualcomm Incorporated
CONTACT: Seungsoo Kim,
Qualcomm Korea Public Relations,
+822-530-9872,
seungsoo@qualcomm.com,
or Tina Asmar,
Corporate Communications,
+1-858-845-5959,
corpcomm@qualcomm.com,
or Christine Trimble,
Public Affairs,
+1-858-845-5959,
public.affairs@qualcomm.com,
or Warren Kneeshaw,
Investor Relations,
+1-858-658-4813,
ir@qualcomm.com,
all of Qualcomm Incorporated
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