Qualcomm is changing its leadership. On Tuesday, the chipmaker announced that CEO Steve Mollenkauf would retire this summer, with company president Cristiano Amon selected to take over the reins on June 30. The company says that 52-year-old Molenkoff, who has left for Qualcomm. 26 years since 2014 and the CEO, “will continue his employment as a strategic consultant with the company.”
Amon, 50, has been at Qualcomm since 1995, previously serving as an engineer. He has served as the company’s president since 2018 and oversees the company’s 5G strategy and expansion to get its chips into cars and Internet of Things devices.
“I am honored to be the next CEO of Qualcomm and Steve and the board have appreciated the confidence in me,” Amon said in a statement. “The need for our solutions has never been more clear and our leadership position has never been more clear. I look forward to working with our 41,000 employees around the world to create technologies that help people There were revolutions in the way we live, work and connect. “
The CEO’s news comes weeks after Qualcomm introduced its latest high-end processor and 5G modem at its latest Tech Summit, which was held in December in fact. The new chips, known as, Is expected to be inside the high-end 2021 Android phone, including , To be announced next week.