Statement From Qualcomm on Supply ChainBy Qualcomm Incorporated, PRNE
Tuesday, March 15, 2011
SAN DIEGO, March 17, 2011 - Qualcomm is deeply saddened by the devastating earthquake and tsunami
that struck Japan last week. Our thoughts are with the people of Japan as
they cope with the loss and destruction caused by this natural disaster.
Based on a review of our extended semiconductor supply chain, we do not
foresee any significant impact in our ability to supply product to our
customers due to the events in Japan. Qualcomm has multiple, geographically
diverse sources for supply as well as production processes specifically
designed to enable us to mitigate disruptions in our supply chain.
With regard to the availability of Bismaleimide Triazine (BT) resin,
Qualcomm uses either BT-based or epoxy-based laminate materials in our
chipset packages. To account for any potential disruption in BT supply, we
believe our use of buffer stock and adjustments to our near term material mix
will enable us to mitigate potential supply disruptions to our customer base.
We will continue to monitor this rapidly developing situation.
Except for the historical information contained herein, this release
contains forward-looking statements that are subject to risks and
uncertainties, including the scope and severity of the events that have
occurred or could occur in Japan and in nearby regions, the effect of those
events on supply chain vendors located in areas which are or may become
subject to the aftermath of the events which occurred or could occur in
Japan, the anticipated time it will take for the adverse events in Japan and
any other affected regions to be satisfactorily addressed, the length of the
time period of any disruption in the availability of BT resin on commercially
satisfactory terms and volumes, the ability of the Company's alternative
supply chains to timely respond to any changes in production on commercially
satisfactory terms and conditions, the size of the Company's buffer stock in
relation to the anticipated duration of the disruptions caused by the events
in Japan, and changes 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 26, 2010, and most recent Form 10-Q. The Company undertakes no
obligation to publicly update any forward-looking statement or risk factor,
whether as a result of new information, future events or otherwise.
Qualcomm Contacts: Tina Asmar, Corporate Communications Phone: +1-858-845-5959 Email: firstname.lastname@example.org Warren Kneeshaw, Investor Relations Phone: +1-858-658-4813 Email: email@example.com
Tina Asmar, Corporate Communications, +1-858-845-5959, corpcomm at qualcomm.com; or Warren Kneeshaw, Investor Relations, +1-858-658-4813, ir at qualcomm.com, both of Qualcomm Incorporated
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