Finance Committee

The Finance Committee (the "Committee") of the Board of Directors (the "Board") of QUALCOMM Incorporated (the "Company") assists the Board in assessing the financial position of the Company and in making decisions regarding the Company's financing needs and alternatives as well as in making major strategic investment decisions. The Committee also assists the Board by providing oversight to the Company's budgeting process and recommending the annual budget to the Board for its approval. This Charter specifies the scope of authority and the responsibilities of the Committee.

1. The Committee shall consist of three or more directors, a majority of whom shall meet the independence requirements contained in the NASDAQ listing standards, such independence to be determined by the Governance Committee of the Board (the "Governance Committee").

2. Members of the Committee, including the chairperson of the Committee, shall be appointed annually by the Board on the recommendation of the Governance Committee. Members may be replaced by the Board at any time, but shall otherwise serve until a successor has been named.

3. The Committee shall meet from time to time, as it deems necessary, but at least once per year. The Committee may include management at its meetings, but shall also hold an executive session at each meeting at which only independent directors are present.

4. The Committee shall have the authority to form and delegate responsibilities to sub committees when appropriate.

5. The Committee shall maintain written minutes of its meetings, which minutes will be filed in the corporate minute book.

To fulfill its responsibilities and duties hereunder, the Committee shall:

Committee Functions

1. Review and evaluate the financial position of the Company, and, oversee, on a periodic basis, the Company's treasury functions and policies, including but not limited to cash management, investment activities, hedging and securities lending.

2. Review, assess and evaluate management's recommendations for capital structure, debt and financing alternatives.

3. Review, assess and evaluate management's recommendations for major strategic investments and other financial transactions, such as dividends and stock repurchases, to be made by the Company.

4. Based upon its review and assessment of the Company's financial position and management recommendations, submit for approval recommendations to the Board.

5. Review and provide oversight with respect to the Company's processes and procedures for the development and adoption of its annual operating budget. As part of this oversight responsibility, the Committee shall review with management the draft annual operating budget, including the material assumptions contained therein, and shall make a recommendation to the Board with respect to the annual operating budget's adoption.

6. Regularly report to the Board on its activities, recommendations and conclusions.


1. Review and reassess the adequacy of this Charter at least annually and recommend any proposed changes to the Board for approval. The Committee will also review its own performance, at least annually, for purposes of self evaluation and to encourage the continuing improvement of the Committee in the execution of its responsibilities.

2. Perform such other functions and have such other powers as shall be delegated to it by the Board and as the Committee shall deem necessary for the efficient discharge of the responsibilities set forth or authorized herein.

3. Have the authority to obtain advice and assistance from internal or external advisors and experts.

4. Have the authority to direct the payment of fees and costs of advisors and experts retained by the Committee, which fees and costs shall be borne by the Company.
Amended September 21, 2009

Committee Members

Duane A. Nelles
Duane A. Nelles

Duane A. Nelles has served as a director of the Company since August 1988. Mr. Nelles is the President of the Duane Nelles Consulting Company, Inc., a personal investment business he founded in 1987. Prior to that time, he was a partner in the international public accounting firm of Coopers & Lybrand LLP, which he joined in 1968. Mr. Nelles has served as a director of American Assets Trust, Inc. since February 2011. He served as a director of WFS Financial Inc. from July 1995 to March 2006 and Westcorp Inc. from February 2003 to March 2006. He holds a B.A. degree in economics and mathematics from Albion College and an M.B.A. degree from the University of Michigan.

Dr. Susan Hockfield
Dr. Susan Hockfield

Dr. Susan Hockfield served as a director since July 2012. Dr. Hockfield has been President Emerita of the Massachusetts Institute of Technology (MIT) since July 2012 and Professor of Neuroscience at MIT since 2004. She was President of MIT from December 2004 to July 2012. Dr. Hockfield joined the faculty of Yale University in 1985 and served as Provost from 2002 to 2004 and dean of the Graduate School of Arts and Sciences from 1998 to 2002. Dr. Hockfield was a member of the scientific staff of the Cold Spring Harbor Laboratory from 1980 to 1985 and a National Institutes of Health (NIH) postdoctoral fellow at the University of California at San Francisco in 1980. Dr. Hockfield has been a director of the General Electric Company since December 2006 and a trustee of the Carnegie Corporation of New York since September 2006. Dr. Hockfield holds honorary degrees from several U.S. and international universities and is a member of the American Academy of Arts and Sciences and a fellow of the American Association for the Advancement of Science. Dr. Hockfield holds a B.A. degree in biology from the University of Rochester and a Ph.D. degree in Anatomy from the Georgetown University School of Medicine.

Dr. Francisco Ros
Dr. Francisco Ros

Dr. Francisco Ros has served as a director of the Company since December 2010. Dr. Ros is President of First International Partners, S.L., a business consulting firm he founded in 2002. He was Secretary of State (vice minister) of the Government of Spain from May 2004 to July 2010. He served as a senior director of business development of Qualcomm from July 2003 to April 2004. From January 2000 to June 2002, he was Chairman and CEO of Alua Broadband Optical Access, a company he co-founded. From May 1996 to October 1998, Dr. Ros served as President and CEO of Unisource (a joint venture among KPN, Telia, Swisscom and Telefónica). From April 1983 to November 1996, Dr. Ros headed several business areas within the Telefónica Group and became Managing Director of the holding company and a member of its Executive Management Board. Dr. Ros has been a director of Elephant Talk Communications Corp. since September 2014 and Non-Executive Chairman of Asurion Europe Limited in Spain since April 2014. He was a director of Proteccion On-Line S.L. from October 2012 to June 2013. In 2011, he was the recipient of the Great Cross of the Order of Civil Merit and the Great Plate of Telecommunications and the Information Society, both granted by the Government of Spain. Dr. Ros holds an engineering and a Ph.D. degree in telecommunications from the Universidad Politecnica de Madrid, an M.S. degree in electrical engineering and a Ph.D. degree in electrical engineering and computer science from the Massachusetts Institute of Technology (MIT) and an advanced management degree from the Instituto de Estudios Superiores de la Empresa (IESE, Business School) in Madrid.