QUALCOMM Incorporated Exchange Offers of Approximately $2.2 Billion of Notes

Davis Polk advised the dealer managers in connection with the Rule 144A/Regulation S exchange offers by QUALCOMM Incorporated of (i) $961.43 million aggregate principal amount of its newly-issued 1.300% notes due 2028 for a portion of two series of its existing notes and (ii) $1.25 billion aggregate principal amount of its 1.650% notes due 2032 for a portion of two series of its existing notes.

QUALCOMM Incorporated is a global leader in the development and commercialization of foundational technologies for the wireless industry. QUALCOMM’s technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices and other connected devices. QUALCOMM is a pioneer in 3G and 4G wireless technologies and is a leader in 5G wireless technologies to empower a new era of intelligent connected devices.

The Davis Polk capital markets team included partner Derek Dostal and associate David D. Kim. The tax team included partner Mario J. Verdolini and associate Shay Moyal. All members of the Davis Polk team are based in the New York office.