Paul Jacobs, former Qualcomm CEO, has now confirmed the creation of a new company called XCOM which plans to focus and take advantage of the 5G revolution. The confirmation on XCOM's existence came during a recent interview with CNBC, as well as the launch of a new website for the company which states "XCOM is inventing and investing in wireless technologies to propel the next mobile revolution."
In spite of the clear indications XCOM is now in a launch status, the actual business model seems to still be an unknown quantity, with Jacobs reportedly stating those details are still being worked out internally. Although some suggestions for where the company might focus include the licensing of proprietary technology, and/or the provision of software-focused solutions to third-party companies. In either case, it does seem as through 5G development will be the cornerstone of the business and specifically from the viewpoint of trying to solve issues that may arise from the onset of 5G, with Jacobs quoted saying "We feel we have some better ideas for how to do some of that stuff" when talking on what still needs to be done during the early stages of 5G deployment. In addition, XCOM is apparently preparing to greatly expand its workforce over the coming months, with those new recruits joining the likes of Derek Aberle (XCOM's President and Chief Operating Officer) and Matthew Grob (XCOM's Chief Technology Officer) – both of whom are also ex-Qualcomm executives.
Previously, Jacobs announced an intention to acquire Qualcomm and in doing so taking the company private after being unceremoniously ousted from the company. As recently as April, it had been suggested Jacobs was looking to act on the buyout in June, with this latest report suggesting the buyout has now been put on hold temporarily. Although the creation and expansion of XCOM is not understood to be relevant to the Qualcomm buyout with both said to be still on the agenda. If the buyout goes ahead, then it could be the case where XCOM is absorbed by Qualcomm or its technology used in upcoming Qualcomm products, according to Aberle.