Qualcomm and its Subsidiary Pixtronix Expands Display Technology Agreement with Sharp

  Qualcomm and its Subsidiary Pixtronix Expands Display Technology Agreement
                                  with Sharp

— Makes Equity Investment in Sharp —

PR Newswire

SAN DIEGO, Dec. 4 , 2012

SAN DIEGO, Dec. 4 , 2012 /PRNewswire-FirstCall/ --Qualcomm Incorporated
(NASDAQ: QCOM) today announced the expansion of its display technology
agreement between its subsidiary Pixtronix, Inc. and Sharp Corporation to
develop and commercialize high-quality color, low-power MEMS displays
incorporating IGZO (Indium Gallium Zinc Oxide) technology and built utilizing
existing LCD manufacturing infrastructure, and Qualcomm's equity investment in
Sharp Corporation. As a result of the equity investment, Qualcomm will become
a minority shareholder in Sharp.

Qualcomm's equity investment in Sharp and the expanded joint development
agreement build upon the existing work between Sharp and Pixtronix as the two
companies have been engaged in development activities for the last year and a
half. The goal of this joint effort is to accelerate commercialization of
Pixtronix's low power MEMS displays utilizing Sharp's IGZO technology.

The equity investment by Qualcomm will take place in stages and the
consummation of the transaction is subject to certain contingencies.

"As one of the leading electronics companies in the world, Sharp has an
established industry brand and is a recognized leader in the development and
commercialization of new innovative display technologies," said Derek Aberle,
executive vice president and group president of Qualcomm. "Expanding our
existing relationship with Sharp to jointly commercialize new MEMS display
technologies will help both companies realize their shared goal of driving
high performance, lower power displays for a variety of devices, including
smartphones and tablets."

"Sharp has brought many innovations to the display industry, including the
world's first commercialization of IGZO technology in LCD displays this year,"
said Yoshisuke Hasegawa, executive managing officer of Sharp Corporation.
"Sharp is targeting to accelerate the commercialization of MEMS displays by
combining Sharp's cutting-edge IGZO technology and Pixtronix's MEMS display

About Qualcomm Incorporated

Qualcomm Incorporated (NASDAQ: QCOM) is the 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.

Except for the historical information contained herein, this news release
contains forward-looking statements that are subject to risks, uncertainties
and assumptions. If such risks or uncertainties materialize or such
assumptions prove incorrect, the results of Qualcomm or its affiliates could
differ materially from those expressed or implied by such forward-looking
statements and assumptions. All statements other than statements of historical
fact are statements that could be deemed forward-looking statements, including
the expected benefits and costs of the transaction; management plans relating
to the transaction; any statements of the plans, strategies and objectives of
management for future operations, including the success of the product
development and commercialization efforts; any statements of expectation or
belief; and any statements of assumptions underlying any of the foregoing.
Risks, uncertainties and assumptions include the possibility that expected
benefits may not materialize as expected; that Qualcomm or its affiliates may
be unable to successfully complete product development activities; and 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 30, 2012.

Qualcomm is a registered trademark of Qualcomm Incorporated. All other
trademarks are the property of their respective owners.

Qualcomm Contacts:
Emily Kilpatrick, Corporate Communications
Phone: 1-858-845-5959
Email: corpcomm@qualcomm.com

Warren Kneeshaw, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com

SOURCE Qualcomm Incorporated

Website: http://www.qualcomm.com
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