The Telangana state government has reportedly announced that the telecommunications equipment giant Qualcomm is planning on setting up a campus in Hyderabad with an investment of USD 400 million (about INR 3,000 crore). This is allegedly said to be the company’s largest facility outside of the United States and will house around 10,000 employees.
Further from reports, the Telco equipment company, which already has its presence in Chennai, Bengaluru and Hyderabad in India, is planning on starting its work in 2019 with the phase-1 of the project likely to house 1.7 million square feet of built-up space.
According to a spokesperson, the representatives from the U.S. headquartered company met K.T. Rama Rao, IT and Industries Minister of the state, to discuss their growth plans in the city.
K.T. Rama Rao stated that Qualcomm has joined the elite list of corporates, like Microsoft, Facebook, Google, Apple, Amazon and more, which have huge global presence outside of their headquarters, in Hyderabad.
He continued saying that the list will only increase as they are currently in talks and are working actively with a few more corporates. This expansion would provide a huge boost to the electronics and semiconductors industry, as well as to the state of Telangana, Rao added.
As a leading tech innovator, Qualcomm has driven the wireless revolution by playing a vital role in making mobile communications more affordable and accessible. The U.S. headquartered company is also a prominent leader in 5G technology and visualizes the next shift in cellular technology, spurring new opportunities in IoT, connected cars and remote delivery of healthcare services.
The Qualcomm Development Center is involved in areas of driving technology leadership in Mobile Platforms (Snapdragon) Research, IoT, and 5G, support in commercialization of advanced wireless modems and satellite communication, development of Qualcomm chipsets and other areas.