Qualcomm said Thursday that Murthy Renduchintala, the co-president of its chip business, is leaving the company as Cristiano Amon, the unit’s other co-head, has been promoted to be sole president of the unit.
Qualcomm
In a statement, CEO Steve Mollenkopf noted that Amon, who has been at the company since 1995, is “the right person to lead QCT for a new era of expansion in our semiconductor business.”
Qualcomm has been in the midst of a major cost-cutting initiative and seen significant pressure on its chip business at the same time the licensing side of its business has been in disputes with companies in China.