Every year, FierceWireless ranks the top 10 highest-paid executives in the wireless industry, and every year executives from the nation's largest wireless carriers top the list. But not this time.
Qualcomm Executive Chairman Paul Jacobs said the wireless silicon giant has no current plans to spin off its chipset business from its licensing business despite pressure from an activist investor to do so.
The race to launch a new constellation of satellites just got a little more real as two big endeavors emerged with famous backers last week, one involving wireless-technology pioneer Qualcomm and Richard Branson, and the other with SpaceX CEO and Tesla Motors co-founder Elon Musk.
Qualcomm executives noted that the company continues to face hurdles in China, and partially as a result the firm said it is now expecting a slightly more conservative growth rate during the next five years. However, the chipset giant still thinks it has plenty of room to grow thanks to increasing LTE and smartphone adoption and its decision to move into new areas, such as supplying silicon for servers.
LAS VEGAS--Where will all the innovation in mobile take us next? According to top executives from Ericsson, Qualcomm and AT&T, the future of mobile will be dominated by wearable wireless devices and neuromorphic computers that mimic the human brain.
LAS VEGAS--In some of his first public comments since agreeing to become Qualcomm's next CEO, Steve Mollenkopf offered a largely upbeat and positive outlook on the chip vendor's business and prospects. Specifically, Mollenkopf said Qualcomm plans to expand its businesses in tablets, connected cars and in China, and hinted the company is hoping to release multiple market-changing technologies in the years ahead.
Qualcomm said COO Steve Mollenkopf will succeed Paul Jacobs as CEO next March, which would end an era in which the Jacobs family has held sway at the chipset giant.
Qualcomm is interested in exploring the possibility of deploying LTE services on unlicensed spectrum, according to CEO Paul Jacobs.
Qualcomm, the world's largest supplier of silicon to smartphones, warned that its growth rate would slow next year due to increases in the sale of less expensive phones, among other reasons. The news sent the company's stock down slightly in trading this morning to around $67 per share. However, the company, in its just completed fiscal fourth quarter, notched significant increases in earnings and sales.
During the past several weeks, publicly traded companies in the wireless industry revealed how much they pay their CEOs. The following lists the highest paid executives in wireless.