U.S. Republican lawmakers on Monday expressed their support for the decision by the U.S. Security Investigation Panel to postpone the decision to postpone the Qualcomm shareholders' meeting in order to review the offer more extensively.
Republican lawmaker Tom Cotton stated: "Qualcomm's work is too important for our national security. We must not allow it to fall into the hands of foreign companies nor allow it to enter a hostile takeover deal.'
Also today, Qualcomm announced that Paul E. Jacobs will no longer serve as chairman of Qualcomm. He will continue to serve on the board of directors but will no longer be in executive management positions.
Qualcomm set up an executive chairmanship in 2014 as part of the leadership transition plan. After Jacobs stepped down, Qualcomm will cancel the post because the company now believes that the independent chairman is more suitable for the company. The board of directors of Qualcomm has appointed an independent director. Jeffrey W. Henderson served as non-executive chairman.
Qualcomm chief executive Tom Horton said: 'The Board of Directors is committed to strong corporate governance principles and believes that this is an important moment in the history of Qualcomm's company. At this time, the appointment of a non-executive chairman is most in line with the company. And the best interests of shareholders. '
He went on to say: 'We agreed that Jeff is an ideal candidate for this position because he has deep financial, business and international experience, and is very appealing among shareholders. We focus on maximizing shareholder value and Considering all the options to achieve this goal, we will promote Qualcomm's advancement by completing the NXP acquisition transaction, strengthening the licensing business and leveraging the huge 5G opportunities ahead of us.
He also said: 'I represent the entire board of directors and thank Paul for his untiring efforts over the years. Paul is a technical prophet. His ideas and inventions have made tremendous contributions to the development of the company and the industry. In the past 30 years, Paul led the development of successive generations of semiconductors. These technological advances have driven the development of smart phones and the wireless revolution around the world. His deep expertise and focus on innovation have made Qualcomm a key technology leader and we have stood by it. At the forefront of the industry, we thank Paul for his continuous contribution as a member of the board of directors. He understands the company's business, products, strategic relationships and opportunities, and the rapidly developing technology and competitive environment in our industry. He is no to our company's board of directors. The price. '(compilation / Lin Jingdong) Back to Tencent Home >>