San Diego: Qualcomm (Nasdaq: QCOM), a developer and innovator of advanced wireless technologies and data solutions, today announced its commitment to invest in Indian startup companies offering innovative technologies and services that enhance the wireless communications and semiconductor ecosystems. Qualcomm Ventures' first direct equity investment in India is in Tessolve Services, a leading provider of solutions and platforms for semiconductor testing, packaging, qualification and failure analysis.

Qualcomm Ventures' investment strategy will focus on Indian startups and private companies that can serve the mobile and semiconductor ecosystems in India through innovation in the following sectors: mobile application/platform software developers, semiconductor components, devices and service platforms, and network infrastructure providers. In addition, Qualcomm Ventures will actively work with its portfolio companies to provide strategic guidance, advice in enhancing and protecting their innovations, and support in standardizing their technologies.

"By bringing our investment and expertise to Indian startups, we hope to help innovative ideas reach commercial success in the rapidly growing wireless and semiconductor space," said Kanwalinder Singh, President, Qualcomm India and South Asia.

"Qualcomm Ventures is actively considering opportunities in the Indian wireless and semiconductor market," said Karthee Madasamy, Senior Investment Manager and Head of India investments. "We are looking at startup companies that focus on the growing Indian consumer and enterprise market. With a full-time presence in Bangalore, we are committed to the Indian venture ecosystem."

Qualcomm Ventures was launched in the United States in November 2000 with an initial $500 million allocation. Qualcomm Ventures? aim is to support Qualcomm?s mission of enabling and fostering next-generation wireless markets through strategic investments in privately owned startup ventures. These strategic investments include companies focusing on wireless communication technologies and products serving consumer, enterprise and vertical markets worldwide.

After expanding its activities in Korea, Japan, China and Europe, Qualcomm Ventures is expanding into India. Headquartered in San Diego, California, Qualcomm is included in the S&P 500 Index and is a 2007 Fortune 500 company.