Steve Mollenkopf to Retire as CEO in June
Qualcomm finished strong with Snapdragon 888 and started the first working day of January with its Snapdragon 480 5G announcement. After 26 years at the company, the new big announcement is that Steve Mollenkopf will retire as a CEO. He was CEO since March 2014.
Qualcomm has the 5G patent quality lead
5G has already started happening in many parts of the world. Early adopters have already started rolling out their 5G networks in 2019, while there will be a lot more traction in 2020. Years before 5G started to materialize, many companies had to come up with very smart ideas on how to make 5G possible. Some of the obvious elephants in the room a few years back were the ability to make things much faster, how to reduce latency and how to make mmWave work.
2.2B covered by the end of 2020
Part of the recent chat we had with Cristiano Amon president of Qualcomm and Executive Vice President of BMW, Dr. Christoph Grote, included Cristiano’s confirmation that by the end of 2020 2.2 billion people will have 5G coverage.
Updated: Caixin took what CEO said out of context
Qualcomm’s CEO Steve Mollenkopf confirmed to China-based Caixin that the company had resumed sales and shipments to Huawei. The trade embargo and the fact that the US government stopped companies from trading with Huawei hurt financial outcomes for many tech giants in the US including Qualcomm, Intel, Microsoft, and Micron, to name just a few.
One arm of the US government is helping Apple, China, and Korea
The FTC and a coalition of tech giants, led by Apple, Huawei, Samsung, Intel, and LG, are fighting Qualcomm, more specifically, against the chipmaker’s licensing model and business practices.
Settles the licensing business practice dispute
Qualcomm has reached a mutual agreement - a settlement with the Taiwan Fair Trade Commission (TFTC) - resolving its investigation of Qualcomm and Qualcomm’s litigation challenging the TFTC’s decision alleging violations of Taiwan’s Fair-Trade Act.
Partial payment from a disputed licensee
Qualcomm Technologies Licensing (QTL) has announced that a licensee in dispute with the company decided to pay it $500 million, something that heavily reflected on the QTL financial results for fiscal Q3 2018. This number goes on top of a good fiscal Q3 2018 where the company beat previous estimates.
Remains the president of QCT
Two months ago, Fudzilla had a chance to interview Cristiano R. Amon a president of QCT and Alex Katouzian the SVP and general manager of the mobile business unit at Qualcomm. As of January 4th, Cristiano has been promoted to be the president of Qualcomm and continues its role of president of QCT.