[5][6] Jacobs started at Qualcomm as an engineer in the wireless technology development group in 1990.

[8] In December 2013, Qualcomm announced that Jacobs would step down as CEO and be replaced by president and COO Steve Mollenkopf from March 2014.

[9] On May 28, 2013, Jacobs, along with his three brothers, became minority owners in the Sacramento Kings in a partnership with Vivek Ranadivé and Mark Mastrov.

On March 16, 2018, Qualcomm removed Jacobs from its board, after he "broached a long-shot bid" for a buyout earlier that week.

[13] The company also announced that Jacobs would not be re-nominated to its board of directors at the March 23 annual stockholder meeting.