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Qualcomm Gets Ready To Include New Directors In Its Board

Qualcomm Inc is getting ready at include at least 2 new directors to its panel, sources well aware with the issue claimed to the media in an interview. This comes as the U.S. smartphone chip manufacturer seeks to soothe shareholders who suspended voting support last March for its board.

Qualcomm has been obligated to protect its track record in 2018 after upsetting some sponsors by rejecting a $120 Billion takeover offer from competitor Broadcom Inc. IT failed to secure regulatory approval from China for its $44 Billion acquirement of NXP Semiconductors NV. In addition to this, it also failed to resolve a very old patent disagreement with Apple Inc.

Investors showed dissatisfaction with the firm in March 2017 when most of board directors at Qualcomm, comprising Steve Mollenkopf (Chief Executive), were voted with electing support of not more than 50% of the shares outstanding. This happened in spite of the fact that they were unopposed.

That followed the departure of Paul Jacobs, the chairman for the board who stepped down to discover a long-shot acquirement deal for the firm.

Speaking of chip manufacturers, MediaTek, the chipmaker, sharpened its aim to convey 5G or 5th-gen technology to the center stage. This comes after the aggressive acceptance strategies by heightened rivalry and telecom companies specifically with the US-located Qualcomm.

The Taiwanese chipset firm that has began to work closely with the current smartphone vendors all over the world. It is anticipating mobile devices tuned to the band with 3.5 Ghz frequency. These devices are in progress to hit the market by end of 2019.

“MediaTek is greatly spending in development of 5G. We anticipate handsets in order with 3.5 Ghz range to arrive by end of 2019,” claimed Mohamed Elsaidny, director at MediaTek for Technology, to the media. He further claimed that the firm’s timeline comprises 5G modems and routers.

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