This was the latest move after Jacob was kicked out of Qualcomm's board in March, after a takeover of Qualcomm, and the establishment of the new company did not mean that its takeover of Qualcomm would stop.
The founding team are all Qualcomm Old minister In addition to Jacob, the founders of the two new companies were former Qualcomm President Derrick Abeles (Derek Aberle) and former Qualcomm CTO Matthew Grob (Matthew Grob).
In the newly formed company, Jacob became CEO, Abeles as chief operating officer, Grob as CTO.
Abeles, a former lawyer who served 17 years at Qualcomm, previously as head of the Qualcomm Patent Authority (QTL) and Qualcomm, was reported to have played an important role in the lawsuit against Apple and in licensing negotiations around the world, Abeles announced the departure late last year.
Grob in Qualcomm Services in 27, has long been engaged in research and development management work, previously as Qualcomm CTO, early May announced the departure. Headquartered in San Diego, Xcom is dedicated to the development of wireless communications technology.
Grob said Xcom will focus on the next generation of communications technology, including 5G, to provide secure, fast and reliable communications technology.
Abeles said that Xcom will be committed to the development and investment of advanced wireless communications technology, the United States in this regard is not sufficient investment. Xcom is currently in the process of forming a team, and the number of specific recruits is not clear.
It is understood that xcom may use licensing technology, or research and development software, but also with the chip company to Xcom technology to the partner's products.
Jacob seeks Qualcomm privatisation will not stop
Abeles declined to disclose the size of the new company's funds, and he looked forward to receiving other capital and support from partners dedicated to technology development. ' Qualcomm may also become our partner or even a customer, and if we succeed in acquiring Qualcomm's plan, xcom may be merged into Qualcomm.
' said Abeles.
After the failure of Bo Tong's takeover of Qualcomm in March this year, Jacob was kicked out of Qualcomm's board when he was ready to raise money to start a takeover plan for Qualcomm.
But this is not a good bet, as Jacob has less than 1% of Qualcomm's shares, and a privatisation takeover will need to raise $ billions of trillion of billions of dollars in capital. Jacob is not responding to the new company.
But Abeles said Jacob and he were still looking for the possibility of privatisation, and that the establishment of the new company did not mean that a takeover of Qualcomm would stop, and he also said that the takeover of Qualcomm depended in part on the success of the current Qualcomm-NTN deal. Curve to save the nation? Jacob's Cloth Recruit | ' Kibaki ' | Set up a new company | Still seeking privatization Qualcomm