UNITED STATES
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SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

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QUALCOMM INCORPORATED
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To: qualcomm.all

From: Steve Mollenkopf

Subject: Presidential Order Regarding Broadcom Proposal and Annual Meeting Update

Today the President of the United States issued an Order requiring Broadcom to immediately and permanently abandon its proposed takeover of Qualcomm. Under the terms of the Order, all of Broadcom’s director nominees are also disqualified from standing for election as directors of Qualcomm. We recently issued a press release which contains the Presidential Order.

Let me explain what this means. First, as a result of the Order, Broadcom must permanently abandon its attempt to acquire Qualcomm. Second, at our upcoming Annual Meeting of Stockholders — which Qualcomm was ordered to reconvene on March 23, 2018 — only the existing Qualcomm directors will be nominated and can be elected to serve on the Board. However, if you haven’t already, it still remains important that you vote the WHITE proxy card for all 11 of Qualcomm’s directors. Meeting details will be shared shortly.

This news is already generating increased public communications and media attention. Please remember that you should not comment to the media on matters relating to our business or our customers. If you are approached by the media, please instruct them to contact our Corporate Communications department at corpcomm@qualcomm.com.

I want to thank all employees for your patience and perseverance during these past several months. As the Board and the executive team continue to believe, there is no company better positioned than Qualcomm in mobile, IoT, automotive, edge computing and networking within the semiconductor industry.

Your continued dedication and focus on executing on our strategy have been and remain critical to delivering on our near- and long-term value and growth.

Steve

ADDITIONAL INFORMATION

Qualcomm has filed a definitive proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its solicitation of proxies for its 2018 Annual Meeting of Stockholders (the “2018 Annual Meeting”). QUALCOMM STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AS THEY CONTAIN IMPORTANT INFORMATION. Stockholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by Qualcomm with the SEC without charge from the SEC’s website at www.sec.gov.

CERTAIN INFORMATION REGARDING PARTICIPANTS

Qualcomm, its directors and certain of its executive officers may be deemed to be participants in connection with the solicitation of proxies from Qualcomm’s stockholders in connection with the matters to be considered at the 2018 Annual Meeting. Information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, is set forth in the proxy statement and other materials to be filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Additionally, statements regarding operating results for future years, growth in operating results and the factors contributing to future operating results; the resolution of licensing disputes and the impact and timing thereof; expected market, industry, geographic and organic growth and trends; future serviceable addressable market size and growth; anticipated contributions from and growth in new opportunities; benefits from planned cost reductions; technology and product leadership and trends; Qualcomm’s positioning to benefit from any of the above; potential benefits and upside to Qualcomm’s stockholders related to any of the above; and the regulatory process and regulatory uncertainty are forward-looking statements. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should,” “will” and similar expressions are intended to identify such forward-looking statements. These statements are based on Qualcomm’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors, and other factors affecting the operations of Qualcomm. More detailed information about these factors may be found in Qualcomm’s filings with the SEC, including those discussed in Qualcomm’s most recent Annual Report on Form 10-K and in any subsequent periodic reports on Form 10-Q and Form 8-K, each of which is on file with the SEC and available at the SEC’s website at www.sec.gov. SEC filings for Qualcomm are also available in the Investor Relations section of Qualcomm’s website at www.qualcomm.com. Qualcomm is not obligated to update these forward-looking statements to reflect events or circumstances after the date of this document. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.