Amaya Toman Just four days after US President Donald Trump swept Broadcom's acquisition of Qualcomm off the table, the Financial Times reported that former CEO Paul Jacobs is taking a liking to Qualcomm.
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David Hanak Paul Jacobs, the former director of Qualcomm, informed the relevant members of the board about his intention and at the same time asked several global investors, including SoftBank, for support. The Japanese holding company SoftBank holds majority stakes in companies such as Uber, WeWork, SoFi or Slack, thanks to a special fund of 100 billion dollars to support investment in the industry.
The acquisition of the century that didn't happen
This month, Singapore's Broadcom made a $117 billion bid to acquire Qualcomm. However, US President Donald Trump blocked the transaction with an immediate order - according to him, the reason for the intervention was concerns about national security and the fear of losing the US's leading position in the field of mobile communication technologies. Broadcom immediately disputed the allegation. The takeover of Qualcomm was supposed to lead to the third largest chip maker in the world. The company also announced plans to relocate its headquarters from Singapore to the US.
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A family affair
Qualcomm was founded in 1985 and its co-founders included Irwin Jacobs, father of Paul Jacobs, among others. The company is currently based in San Diego, California and is engaged in the development and production of semiconductors, software and equipment for wireless telecommunications. For example, Snapdragon series chipsets also come from Qualcomm's workshop. According to available information, the company's revenue for fiscal year 2017 was $23,2 billion.
Source: BusinessInsider, Qualcomm
