Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

Paul Jacobs, the Former Qualcomm Ceo Will Start a 5G Company Called XCOM

Bipasha Mandal
Bipasha Mandal
Bipasha Mondal is writer at TechGenyz

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Paul Jacobs, the former Qualcomm CEO, is starting a new company that will focus more or less on next-generation wireless technology. Paul Jacobs will start the new engineering company called XCOM with two ex-Qualcomm executives. Qualcomm’s board removed him as chairman after he expressed his desire to make the company private.

The startup will mainly focus on tackling and solving important 5G problems such as low latency and greater reliability. The startup is looking forward to investing in the same area. Paul Jacobs is the company’s new CEO and Chairman. He is joined by his former colleagues, Derek Aberle, Qualcomm’s former president who left the company last year, and Matthew Grob, Qualcomm’s chief technology officer from 2011 to 2017.

Jacobs is mainly working with Aberle to raise billions of dollars for a theoretical Qualcomm acquisition. However, Jacobs’ plan to take Qualcomm private is not hindered in any way by this new start-up. The joint effort of Jacobs and Aberle has slowed down a little as Qualcomm is awaiting their Chinese approval to acquire NXP.

It’s unclear where the take private plan will go or how long that will take but this is not an either/or. We are pursuing this new company and we have high expectations and confidence in the take-private plan. – Derek Aberle, Qualcomm’s former president

Jacobs, Aberle, and Grob are planning to hire new employees for XCOM in the coming months to get their start-up working as soon as possible. But since the company is still in its early stages, the executives do not have a well-thought-out plan and a reliable business model. They are still toying with the idea of licensing the proprietary 5G technology and are also considering providing software and designs to other companies. “There’s still a fair amount of work that needs to be done to prove out the applicability of 5G through the various Internet of Things applications. We feel we have some better ideas for how to do some of that stuff.” Aberle mentioned.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic