Qualcomm’s 2023 Corporate Responsibility Report: Public Policy and Regulation

NORTHAMPTON, MA / ACCESSWIRE / May 23, 2024 / Qualcomm:

Originally published in Qualcomm's 2023 Corporate Responsibility Report

We have been a committed partner to countries around the world for more than 30 years, supporting policies that encourage innovation, foster the advancement of technology and enable business-friendly environments globally. With each new generation of wireless connectivity, we strive to create shared success in collaboration with lawmakers and regulators and to create new opportunities for local industries and communities.

We implement our public policy approach around four key principles:

• Participation: We engage in policy discussions with governments, organizations and industries around the world to advocate for policies that promote innovation and protect and foster new ideas in connectivity. We are committed to helping policymakers at all levels understand our business model and role as an ecosystem enabler.
• Responsible Governance: We abide by all applicable laws and regulations regarding political contributions and expenditures, and our contributions are subject to the approval of our senior management with oversight by the Governance Committee of our Board of Directors.
• Transparency: We publicly disclose to the Federal Elections Commission all political contributions made by our Company and our Political Action Committee, and we abide by all legal obligations of the FCPA and similar legislation around the world.
• Policy Guides: We carefully monitor and evaluate developments that affect the world of connectivity. Our key public policy topics are 5G, invention and IP, spectrum, privacy, immigration and taxation. Our general positions are outlined below and published on our public policy website.

Key public policy topics

• 5G: 5G is a unified connectivity fabric that we believe will continue to transform industries, create jobs and usher in an estimated $13.1 trillion in global sales activity in 2035.17 To achieve these benefits, we believe governments must continue to adopt policies that support a comprehensive 5G rollout plan.
• Invention and IP: Invention, innovation and protection of IP are core drivers of economic growth and competitiveness. Without robust patent systems and strong global protection of IP, innovation would be significantly weakened.
• Spectrum: The benefits of wireless connectivity depend on the availability of adequate and appropriate radio spectrum. We believe in freeing new spectrum in a responsible way to meet the demands of consumers and businesses.
• Privacy: We believe that cultivating consumer trust through a foundation of security and privacy practices helps drive broader adoption and more personalized wireless technology offerings.
• Immigration: Highly skilled talent, especially in the areas of math, engineering and the sciences, is vital to the success of our Company and to the future of technological innovation around the world.
• Taxation: We support policies that incentivize innovation and enable American technology companies to compete in today's global marketplace.
• Environmental Sustainability: Our technologies, our business model and our role as a driver of technology transformation can support communities, governments and other stakeholders in a transition towards a more sustainable future.

Our public policy position on climate change and environmental sustainability, published in 2023, can be found on our public policy webpage. We believe that environmental sustainability is a societal imperative. The conservation and protection of natural resources and global ecosystems yields significant social and environmental benefits for present and future generations. These benefits require collective action and leadership from corporate citizens.

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