The start-up company, called XCOM, will work to solve the problems facing 5G to achieve low latency and high reliability. Qualcomm's former president Derek Aberle and former chief technology officer Matthew Grob (Matthew Grob) also joined the new company. According to the company's website, Abbott will serve as the company’s chief operating officer, Grob will serve as chief technology officer, and Jacob will serve as chief executive officer.
According to CNBC, Jacobs is still planning to privatize Qualcomm. He is working with Abbe to raise billions of dollars for the acquisition of Qualcomm.
According to an XCOM spokesperson, the company has not yet decided how many people to hire, and the management has not established the company's business model.
Aberleer told CNBC that the company may sell patent licenses for 5G technology or provide software support to companies purchasing its semiconductor products.
Abraer said: 'To prove the availability of 5G technology in IoT applications, there is still a lot of work to do. I think our company has a lot of good ideas in this area.'
He added that once the plan to acquire Qualcomm is successful, XCOM's technology will be used in Qualcomm-produced chips, and the startup may also be incorporated into Qualcomm.