Qualcomm Announces New $10.0 Billion Stock Repurchase Authorization

About this update from Qualcomm Incorporated

[{"type":"text","content":"- Available Stock Repurchase Authority Now $10.9 Billion -\n\n\nSAN DIEGO, Oct. 12, 2021 /PRNewswire/ -- Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has approved, effective immediately, a new $10.0 billion stock repurchase authorization. The new stock repurchase authorization is in addition to the Company's stock repurchase program announced in July 2018, which has $0.9 billion of repurchase authority remaining. \nThe new stock repurchase program has no expiration date. The timing of stock repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors. Repurchases under this program will be made using the Company's cash resources and may be commenced or suspended from time-to-time at the Company's discretion without prior notice. Repurchases may be made in the open market, through 10b5-1 programs, through accelerated share repurchase programs, in privately negotiated transactions or through the use of derivative instruments. \nAbout QualcommQualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.\nQualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business. For more information, visit www.qualcomm.com.\nCautionary Note Regarding Forward-Looking StatementsThis news release contains forward-looking statements that are inherently subject to risks and uncertainties, including statements regarding the amounts to be repurchased under our stock repurchase programs, the timing thereof, the types of transactions through which s...

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