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Former Qualcomm chairman Jacobs to exit board of directors


Former Qualcomm chairman Jacobs to exit board of directorsQualcomm Inc on Friday said former executive chairman Paul Jacobs would not be renominated for the U.S. semiconductor company's board after Jacobs disclosed his intention to pursue a long-shot acquisition of the firm. The board decision comes just days after U.S. President Donald Trump blocked a $117 billion hostile bid from Singapore-based rival Broadcom Ltd to acquire Qualcomm, citing national security concerns. Jacobs supported Qualcomm's resistance to Broadcom's bid, but he increasingly clashed with other members of the San Diego-based company's board, including Chief Executive Steve Mollenkopf, over how Qualcomm defended itself, according to people familiar with the matter.





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