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Qualcomm’s Quiet Man Mollenkopf Pursues Growth After Tough Year

In Steve Mollenkopf’s first year at the helm of Qualcomm Inc., the chipmaker disclosed regulatory investigations in China and the U.S., lamented licensees that failed to pay in full, and lost crucial business from Samsung Electronics Co., one of its biggest customers.

Revenue this fiscal year is estimated to increase just 3 percent as the smartphone market matures and chip competition rises. That’s a turnabout from the three-year period before Mollenkopf was promoted to chief executive officer, when Qualcomm more than doubled sales. Now, Mollenkopf’s goal is to convince the mobile-phone industry that it can’t keep innovating without Qualcomm’s chips, while bringing new business into the fold from markets like cars and servers, he said.