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Qualcomm re-elects 10 existing directors to board at annual meeting


By Stephen Nellis(Reuters) - Qualcomm Inc shareholders on Friday re-elected 10 directors to the mobile chipmaker's board, with some directors elected with more than 50 percent of the vote while the rest received support in the 40-percent range, according to a source familiar with the preliminary results of the shareholder votes.Company leaders said they believed Qualcomm's $44-billion bid for chipmaker NXP Semiconductors remained on track for approval by Chinese regulators, but said that the business environment in the country was hard to predict amid escalating trade tensions.The re-election ...

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First Published: Fri, March 23 2018. 22:58 IST