Qualcomm co-founder to retire from board in 2012
SAN DIEGO—Qualcomm co-founder Irwin Mark Jacobs is leaving the chip-maker's board of directors next year.
In a statement Tuesday, Jacobs said he is leaving "knowing that Qualcomm's strong management team and technical roadmap will ensure the company's continuing success."
The company did not give a reason for his retirement from the board.
His son, Paul, will remain chairman and CEO of Qualcomm Inc.
Irwin Jacobs co-founded the company in 1985 and served as CEO until its 20th anniversary in June 2005. He was chairman until 2009.
Qualcomm is best known for developing a wireless standard called code division multiple access, or CDMA. Qualcomm commercialized that technology under Jacobs' leadership and gets a large part of its revenue from licensing it to other companies for use in phones and other products.