New Qualcomm`s CEO Steve Mollenkopf to take position in March 4. Paul E. Jacobs as executive chairman.
Francisco De Jesùs.
Paul E. Jacobs, the company's chief executive since 2005 and son of the founder Irwin Jacobs, is stepping aside March 4. He will be succeeded by Steve Mollenkopf, who has spent nearly 20 years at Qualcomm in a variety of leadership roles, including head of the company's chipset division.
"Under his leadership, Qualcomm became the world's largest mobile chipset supplier and the global leader in LTE technology," the company said in a December announcement about Mollenkopf's promotion.
Jacobs will assume the role of executive chairman and will continue to guide the development of new technology, the company said. He also will remain an employee of the company, guiding its strategy and direction.
"At its heart, Qualcomm is a company of inventors and entrepreneurs, and I'm excited by the opportunities that lay ahead as we continue to push the boundaries of technology in mobile and beyond," Jacobs said.
Emerging Markets growth:
The company is looking particularly for stronger growth in emerging markets — mainly China, Brazil, India and Russia — where smartphones do not have nearly the same penetration as they do in North America and Europe.
Qualcomm got its start in the summer of 1985 when seven technology veterans met at Irwin Jacobs' San Diego home and decided to use their combined expertise to build a communications company.
Today, Qualcomm holds 84,000 patents as part of its licensing portfolio. In its most recent fiscal year, ended Sept. 29, the company reported a profit of $6.9 billion on revenue of $24.9 billion.
Its patents also cover some of the technology used in phones and networks owned by AT&T Inc., T-Mobile USA and carriers worldwide, giving the company additional royalties and putting the company's brand in nearly every pocket and purse in the United States and globally.
Qualcomm recently bought all Pam portfolio of patents from Hewlett-Packard Company, Hewlett-Packard Development Co LP and Palm Inc, and that the portfolio, comprising approximately 1,400 granted patents and pending patent applications from the US and approximately 1,000 granted patents and pending patent applications from other countries, covers technologies that include fundamental mobile operating system techniques.
About Qualcomm Incorporated
Qualcomm Incorporated (NASDAQ: QCOM) is a world leader in 3G, 4G and next-generation wireless communications technologies. Qualcomm’s licensing business is operated by Qualcomm Technology Licensing, or QTL, a division of Qualcomm Incorporated, which owns the vast majority of Qualcomm’s patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm’s engineering, research and development functions, and substantially all of its products and services businesses, including its semiconductor business, QCT. For more than 25 years, Qualcomm ideas and inventions have driven the evolution of mobile devices and digital communications equipment, linking people everywhere more closely to information, entertainment and each other. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.
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