With Qualcomm in Play, San Diego Fears Losing ‘Our Flag’
Qualcomm’s takeover battle can be coming at a sensitive time for the San Diego ego. While the city can be one of America’s innovation powerhouses in addition to a hive of start-up activity in addition to venture capital investment, the item has had less success in attracting big companies — or, for in which matter, keeping the growing companies the item creates.
Years of corporate acquisitions have left the impression in which San Diego’s biotech industry can be a sort of farm team for East Coast in addition to European pharmaceutical giants. Amazon can be expanding its local office although left San Diego off its list of finalists for its second headquarters. Even the city’s sports teams seem to be up for grabs: Last year, the Chargers football team (whose home field was Qualcomm Stadium) moved north to Los Angeles. the item was tracing the steps of the Clippers basketball team, which left San Diego for Los Angeles in 1984.
“We think of ourselves as a very innovative community in which does a lot of start-ups in addition to creates the companies of tomorrow,” said Jerry Sanders, mayor of San Diego through 2005 to 2012 in addition to at This specific point chief executive of the San Diego Regional Chamber of Commerce. “We have a pretty not bad idea in which once they get a certain size, they may be gone.”
Qualcomm was the exception. Mr. Jacobs, the original chief executive, moved to San Diego in 1966 to join the faculty of the University of California, San Diego. Two years later, he founded his first company, Linkabit, a consulting firm in which did contract research to help clients like NASA solve deep-space telecommunications problems in addition to later started off designing in addition to building circuit boards, chips in addition to some other components.
As Linkabit grew, the item attracted engineers through powerhouse institutions like M.I.T. in addition to Stanford to the San Diego area. in addition to as the university grew, Linkabit started off finding more of its engineers locally. One built off the some other, in addition to suddenly there were the embers of a telecommunications cluster in which today drives a little under a quarter of San Diego’s economic output, said Mr. Cunningham of the research institute.
in addition to just as Silicon Valley’s ecosystem can be traced to a chain of events in which saw employees leave one company to form another, so can Qualcomm’s. Linkabit engineers moved on to seed completely new companies inside the area. Mr. Jacobs departed in 1985 in addition to soon got together which has a group of former colleagues to create a company centered on quality communications, or Qualcomm for short.
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