almost 20 years of experience in international best practice around telecommunications regulation. I guess, it’s indicative of the importance that we hold with respect to your draft report and the consultation process and the hearing, in that I’ve travelled from Hong Kong to be here. My colleague, Phil, he’s travelled from New York to be here. We came precisely for this hearing. MS CHESTER: Okay, the debating bell’s gone under the table. You can take a bit longer. MR ORANGE: Thanks very much. I guess, just one more note before I turn over to Phil for our introductory remarks, is that Qualcomm is a technology development company. It’s core technologies are central to the ideas of - or to the delivery of 3G, 4G and 5G communications. It’s fair to say that without strong intellectual property rights regimes that those core technologies could never be commercialised and those technology ecosystems could never be developed. So with that I’ll turn over to you, Phil. MR WADSWORTH: Yes, yes. Thank you very much for inviting us today. If I may start with a prepared statement, hopefully, give you some more insight to our perspective and where we’re coming from. Our fundamental business objective is to be the leading technology enabler for wireless communication devices around the world. To achieve this objective, our business model has two primary components, namely the development of leading edge chip sets and supporting software that provide the core functionality or brains of the mobile telecommunications devices on the market today. As noted in our submission, we are the largest (indistinct) semi-conductor developer in the world. The other key component of our business model is that we openly licence our patent portfolio to any entity that wishes to manufacture mobile devices for anywhere in the world. We refer to our business model as a virtuous innovation cycle which includes risky and expensive R & D to continue to stay on the leading edge of technology development, the integration of the inventive and innovation fruits of our R & D efforts into our chip sets and software the sale of which generates revenue for further R & D, and protecting inventions resulting from those same R & D efforts by obtaining patents in countries around the world, and licensing those patents to generate royalty revenue. We use a significant amount of those sources of revenue, approximately 5 billion every year or about 20 per cent of our total revenue, to invest in ongoing R & D to maintain our competitive edge in the market place.
almost 20 years of experience in international best practice around telecommunications regulation. I guess, it’s indicative of the importance that we hold with respect to your draft report and the consultation process and the hearing, in that I’ve travelled from Hong Kong to be here. My colleague, Phil, he’s travelled from New York to be here. We came precisely for this hearing. MS CHESTER: Okay, the debating bell’s gone under the table. You can take a bit longer. MR ORANGE: Thanks very much. I guess, just one more note before I turn over to Phil for our introductory remarks, is that Qualcomm is a technology development company. It’s core technologies are central to the ideas of - or to the delivery of 3G, 4G and 5G communications. It’s fair to say that without strong intellectual property rights regimes that those core technologies could never be commercialised and those technology ecosystems could never be developed. So with that I’ll turn over to you, Phil. MR WADSWORTH: Yes, yes. Thank you very much for inviting us today. If I may start with a prepared statement, hopefully, give you some more insight to our perspective and where we’re coming from. Our fundamental business objective is to be the leading technology enabler for wireless communication devices around the world. To achieve this objective, our business model has two primary components, namely the development of leading edge chip sets and supporting software that provide the core functionality or brains of the mobile telecommunications devices on the market today. As noted in our submission, we are the largest (indistinct) semi-conductor developer in the world. The other key component of our business model is that we openly licence our patent portfolio to any entity that wishes to manufacture mobile devices for anywhere in the world. We refer to our business model as a virtuous innovation cycle which includes risky and expensive R & D to continue to stay on the leading edge of technology development, the integration of the inventive and innovation fruits of our R & D efforts into our chip sets and software the sale of which generates revenue for further R & D, and protecting inventions resulting from those same R & D efforts by obtaining patents in countries around the world, and licensing those patents to generate royalty revenue. We use a significant amount of those sources of revenue, approximately 5 billion every year or about 20 per cent of our total revenue, to invest in ongoing R & D to maintain our competitive edge in the market place.
20160624-melbourne-intellectual-property.docx