Irwin Mark Jacobs to step down as board of directors of Qualcomm

Chip major Qualcomm announced that Irwin
Mark Jacobs will complete his current term on Qualcomm’s Board of Directors and
will retire from the Board at the 2012 annual stockholder meeting.

In recognition of Irwin Jacobs’
achievements with the company, the Board has conferred upon him the title of Founding
Chairman and CEO Emeritus, effective upon conclusion of his Board service at
the annual meeting.

“I am immensely proud of the company we have built, its more than 22,000
employees, and the impact Qualcomm has made on the telecom industry and the
lives of mobile users worldwide. I leave knowing that Qualcomm’s strong
management team and technical roadmap will ensure the company’s continuing
success,” said Irwin Jacobs.

Irwin Jacobs served as chief executive
officer from Qualcomm’s founding on July 1, 1985 to its 20th anniversary, June
30, 2005 and as chairman from founding until March 2009.

He and his six co-founders established
Qualcomm with the goal of creating a company that could innovate rapidly and
develop commercial solutions to some of the communication industry’s most
challenging problems.

“Qualcomm’s business model and culture
of innovation are due to Irwin’s vision and leadership. He continues to inspire
all of us here at Qualcomm as we pioneer the next generation of mobile
technologies. On behalf of all of our employees around the globe, we thank
Irwin for his leadership, creativity, enthusiasm and integrity,” said Paul E. Jacobs, chairman and CEO of Qualcomm.

As CEO, Irwin Jacobs oversaw Qualcomm’s
innovations in Code Division Multiple Access (CDMA), a technology fundamental
to today’s 3G mobile wireless standards. Previously, Irwin Jacobs co-founded
and led Linkabit, a manufacturing company whose cutting-edge approach to
technology ultimately made it an incubator to more than 100 other technology
companies in San Diego.

By Team
[email protected]