Qualcomm 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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