Davis Polk advised the dealer managers in connection with the Rule 144A/Regulation S exchange offers by Qualcomm Incorporated of (i) $52.34 million aggregate principal amount of its newly-issued floating-rate notes due 2019 for the same amount of its existing floating-rate notes due 2019, (ii) $13.832 million aggregate principal amount of its newly-issued floating-rate notes due 2020 for the same amount of its existing floating-rate notes due 2020 and (iii) $56.205 million aggregate principal amount of its newly-issued 1.850% senior notes due 2019 for the same amount of its existing 1.850% senior notes due 2019.

Qualcomm Incorporated is a world leader in 3G, 4G and next-generation wireless technologies. For more than 30 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. 

The Davis Polk capital markets team included partner Derek Dostal and associates Roohi Gupte, Michelle Ha and Amarilice C. Young. The tax team included partner Rachel D. Kleinberg and associate Liang Zhang. Counsel David A. Zilberberg provided environmental advice. Partner Pritesh P. Shah and associate Samantha Lefland provided intellectual property and technology advice. Members of the Davis Polk team are based in the New York and Northern California offices.