Qualcomm Names Cristiano Amon as CEO, Succeeding Steve Mollenkopf
January 05 2021 - 8:55AM
Dow Jones News
By Asa Fitch
Mobile-phone chip giant Qualcomm Inc. on Tuesday named Cristiano
Amon to become its new chief executive as it puts a chain of legal
struggles behind it and aims to capitalize on rising demand for
superfast 5G phones.
As Qualcomm's president, Mr. Amon, 50, has been the public face
of the company's efforts to become a central supplier in the shift
to 5G, winning business with Apple Inc., building on its share of
the Chinese handset market and moving into new areas like chips for
autonomous cars. He is set to take over on June 30, the company
said.
Mr. Amon succeeds Steve Mollenkopf, 52, who was promoted from
president to CEO in 2014 and led the company through several years
of unprecedented challenges. They included a long-running legal
struggle with Apple over Qualcomm's patent-licensing practices, an
antitrust case brought by the Federal Trade Commission, repelling
an activist investor, averting a hostile takeover and having a $44
billion acquisition scrapped amid U.S.-China political
tensions.
Write to Asa Fitch at asa.fitch@wsj.com
(END) Dow Jones Newswires
January 05, 2021 08:40 ET (13:40 GMT)
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