Former chairman of Qualcomm Paul Jacobs was kicked out of the board of directors for privatization

According to the report of the “New York Times” on March 17, Micronet’s Board of Directors stated that Paul Jacob’s proceeding with privatization will be nominated by the Qualcomm’s board of directors at the annual shareholders’ meeting on the 23rd. Board members. This means that since the establishment of Qualcomm in 1985, Jacob family members will not appear in the top management institutions.

Paul Jacobs said at the current time that the board felt 'disappointed and misfortune' to make such a decision. Paul Jacobs has served as chairman of the board since 2009 and retired on March 9 this year, but on the board of directors Reservation of board seats.

On Tuesday, Paul Jacobs emailed to the board that he wanted to start the process of privatizing the company and had already approached potential consortiums, including Japan Softbank. Analysts pointed out that privatization made Qualcomm face the market. The volatility is more stable and conducive to the implementation of some long-term planning and investment.