Qualcomm’s Paul Jacobs steps down as board chairman while Broadcom makes 5G promises
The soap opera that is Broadcom’s unsolicited attempt to purchase Qualcomm took yet another surprise turn this morning as Qualcomm’s Paul Jacobs—son of founder Irwin Jacobs—said he will relinquish his title as board chairman to an independent director. At the same time, Broadcom promised that, if it is successful in purchasing Qualcomm, it would not sell “any critical national security assets to any foreign companies.”
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