Chip maker Qualcomm will promote current COO Steve Mollenkopf to the role of CEO next year. He will replace long-standing CEO Paul Jacobs, son of one of the company's founders, Irwin Jacobs, the company said.
Art by Mike Lucas
In this morning's Web roundup, TrueCar Inc. round up new funding, in a milestone for the company as it recovers from its near collapse last year. HyperBranch Medical Technology Inc. aims to take on pharma giant Covidien PLC in the market for sealants used in cranial surgery.