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Qualcomm Aids China Earthquake Relief Efforts

Qualcomm has committed the funds to Charities Aid Foundation of America

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    LAS VEGAS, NV - JANUARY 06: Qualcomm CEO Steve Mollenkopf speaks during a press event at the Mandalay Bay Convention Center for the 2014 International CES on January 6, 2014 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs from January 7-10 and is expected to feature 3,200 exhibitors showing off their latest products and services to about 150,000 attendees. (Photo by Justin Sullivan/Getty Images)

    Qualcomm Inc. said it donated $325,000 to assist in earthquake relief efforts in China’s Yunnan Province.

    Qualcomm has committed the funds to Charities Aid Foundation of America who has made a grant from their fund to the China Youth Development Foundation at the company’s suggestion, Qualcomm said.

    “Qualcomm is deeply saddened by the loss of life, injuries and destruction caused by the recent earthquake in China’s Yunnan Province,” said Xiang Wang, senior vice president, and president of Qualcomm Greater China. “We extend our deepest sympathies and support to those affected. This contribution is in the hope for a quick recovery of the impacted areas.”

    Charities Aid Foundation of America is a global grant-making organization assisting corporations, foundations, and individuals. They help donors support causes by assisting them in making strategic and effective grants internationally and domestically, Qualcomm said.

    Forty-nine cents of every dollar that Qualcomm makes comes from China, up from 42 cents in fiscal 2012.