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Former Qualcomm Execs Start 5G-Focused StartupFormer Qualcomm Execs Start 5G-Focused Startup

Former CEO Paul Jacobs and other Qualcomm executives are creating a 5G-focused startup.

Dan Jones

June 7, 2018

1 Min Read
Former Qualcomm Execs Start 5G-Focused Startup

Former Qualcomm CEO Paul Jacobs -- joined by other ex-execs from the chipmaker -- has started a new venture called XCOM.

Jacobs, who resigned as Qualcomm Inc. (Nasdaq: QCOM)'s executive chairman in March 2018, is joined by former Qualcomm CTO Matt Grob and ex-president Derek Aberle. XCOM is based in San Diego, Calif., and says it is "inventing and investing to propel the next wireless revolution." (See Qualcomm Drops Jacobs From Board After Bid Chatter.)

"We have a set of ideas for future wireless technologies that we are going to innovate and drive forward," Grob told the San Diego Union Tribune. "We already have some level of interest in that, and expect more as we become more public."

Jacobs, meanwhile is still trying to raise money to bid on Qualcomm itself, even though that is considered a stretch by many on Wall Street. (See Ex-Qualcomm CEO Jacobs Plots Bid for Company – Reports .)

— Dan Jones, Mobile Editor, Light Reading

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

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