New Press Release

Qualcomm Acquires Summit Microelectronic

SAN DIEGO – June 18, 2012 – Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has acquired Summit Microelectronics (Summit), a leading developer and provider of programmable power integrated circuits based in Sunnyvale, CA. Qualcomm’s power management roadmap will be significantly enhanced with the addition of Summit’s expertise and products. As a result of the acquisition, Qualcomm will be able to offer a robust portfolio which will address a broader set of customers and complex design challenges. All employees of Summit Microelectronics have joined Qualcomm’s CDMA Technologies division.

The demand for more sophisticated battery management is critical in a world of increasingly smart devices with advanced computing capabilities, large high-resolution screens, and advanced modem technologies (e.g. 4G LTE). Summit Microelectronics is a leader in providing flexible, highly integrated power management solutions combining precision power regulation with sophisticated digital control in a single chip. In particular, the Company’s fast charging solutions are found in a variety of leading mobile phones, tablets, and e-readers.

“Summit Microelectronics brings key expertise, technology, products, and design wins in battery charging and DC-DC converters,” said Steve Mollenkopf, president and COO of Qualcomm. “This acquisition enhances the competitiveness of Qualcomm’s chipset solutions and enables us to provide our customers with industry leading power management and charging performance.”

About Qualcomm
Qualcomm Incorporated (NASDAQ: QCOM) is the world leader in 3G and next-generation mobile technologies. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of digital communications, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.

About Summit Microelectronics

Summit Microelectronics is the leader in flexible, highly integrated power management solutions combining precision power regulation with sophisticated digital control in a single chip.

About McCoy Components

McCoy Components a leading semiconductor distributor specializing in demand creation and servicing the OEMs or EMS companies through our field application engineers, technical sales specialists, technical marketing professionals and account representatives

We provide our customers with pro-active engineering expertise and a portfolio of leading edge semiconductor devices. One of our services includes designing of customized and differentiated products, reducing products’ time-to-market and lowering their overall costs. We have continually invested in our demand creation capabilities and expanded our global presence with Singapore as the Group Headquarter.