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
- Arteris Joins Intel Foundry Accelerator Ecosystem Alliance Program to Support Advanced Semiconductor Designs
- SkyeChip Joins Intel Foundry Accelerator IP Alliance
- Siemens and Intel Foundry advance their collaboration to enable cutting-edge integrated circuits and advanced packaging solutions for 2D and 3D IC
- Cadence Expands Design IP Portfolio Optimized for Intel 18A and Intel 18A-P Technologies, Advancing AI, HPC and Mobility Applications
- Synopsys and Intel Foundry Propel Angstrom-Scale Chip Designs on Intel 18A and Intel 18A-P Technologies
Most Popular
- QuickLogic Delivers eFPGA Hard IP for Intel 18A Based Test Chip
- Siemens collaborates with TSMC to drive further innovation in semiconductor design and integration
- Aion Silicon Joins Intel Foundry Accelerator Design Services Alliance to Deliver Next-Generation Custom SoCs at Scale
- TSMC Unveils Next-Generation A14 Process at North America Technology Symposium
- BOS Semiconductors to Partner with Intel to Accelerate Automotive AI Innovation