PCI Express PHY serial link PIPE Transceiver IP cell/hard macro
Qualcomm Layoffs Spawned by Letter
Does activist investor understand SoC's, R&D?
Rick Merritt, SiliconValley Bureau Chief, EETimes
A smart and well-heeled investor pulled hard enough on Qualcomm to help bring down some 4,700 employees.
Capitalism is a funny tug-of-war over money. Some people tug harder than others and get more rope while others fall down and get less.
Jana Partners LLC is the kind of firm that gets called an activist investor. Or call them a hard competitor in tug-of-war. They pull with the weight of $2 billion in investment in Qualcomm.
A letter Jana wrote helped pull Qualcomm executives toward their restructuring plan announced yesterday. When the rope shifted, pink slips started going out to an estimated 4,700 people, many of them engineers who build Qualcomm’s mobile SoCs.
E-mail This Article | Printer-Friendly Page |
|
Related News
Breaking News
- Synopsys Showcases EDA Performance and Next-Gen Capabilities with NVIDIA Accelerated Computing, Generative AI and Omniverse
- Spectral Releases Advanced Quality Assurance & Data Analytics tool to validate advanced node Memory Compilers
- TSMC and Synopsys Bring Breakthrough NVIDIA Computational Lithography Platform to Production
- After TSMC fab in Japan, advanced packaging facility is next
- A System On Module (SoM) developed by Electra IC: BitFlex-SPB-A7 FPGA SoM
Most Popular
- After TSMC fab in Japan, advanced packaging facility is next
- HBM3 Initially Exclusively Supplied by SK Hynix, Samsung Rallies Fast After AMD Validation, Says TrendForce
- Alphawave Semi Demonstrates 3nm Silicon-Proven 24Gbps Universal Chiplet Express (UCIe) Subsystem for High-Performance AI Infrastructure
- Weebit Nano to demo its ReRAM technology on GlobalFoundries' 22FDX® platform
- We'll Need Many More Fabs to Meet $1 Trillion by 2030 Goal