Qualcomm Names New Chairman as Broadcom Pushes Case for Takeover

Qualcomm Inc. said Paul Jacobs handed his title as board chairman to an independent director and its suitor Broadcom Ltd. pledged to members of Congress Friday it won’t sell pieces of its target to foreign companies as the two chip makers continued their maneuvering during a U.S. review of a proposed hostile takeover.

Jeffrey Henderson, who has been on the Qualcomm board since 2016 and was previously finance chief of Cardinal Health Inc., will take over as nonexecutive chairman. Mr. Jacobs, who served as executive chairman...