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First off, I have had a good number of jobs and internships while a student at UCSD. Working at Qualcomm has been the best of all of them (with the exception of working at SIO and having an ocean view, but I digress!)
The tasks were always fun and interesting. I was not treated like an "intern", but rather as an equal with everyone else. I received a real office (you know, with actual ways and a door!), a desktop and a laptop. I was actually put in charge of a few projects, and had other engineerings giving me status reports. In addition, I was able to learn a lot about industrial tools and methods. My manager was awesome and the scheduling was flexible to fit school.
The benefits at Qualcomm are great too! There's a gym with a pool and sauna in the building, as well as a gourmet cafe that can make almost anything you want! They even provide you with free catered dinner if you work full-time.
I would definitely recommend working with Qualcomm!