Qualcomm To Invest $400 Mn For Setting Up Campus In Hyderabad

‪Qualcomm has outlined plans to invest $400 million (about Rs 3,000 crore) to set up their campus in Hyderabad. This will be one of the largest investments by a marquee company, after the formation of Telangana in June 2014. Phase-1 of the project will include built-up space of 1.7 million sq ft, housing about 10,000 employees.

Vice-President of Engineering for Qualcomm, Shashi Reddy, and Director for Operations, Chandra Shekar Kumili, informed State IT Minister, K. T. Rama Rao, about growth plans for Qualcomm in the city during a meeting on Saturday.

‪Qualcomm, as a leading tech innovator, has played a key role in driving the wireless revolution by making mobile communications more accessible and affordable.

The facility in Hyderabad will be Qualcomm’s largest campus globally after its San Diego headquarters, and the $400 million investment would be its largest globally.

The tech major leads in 5G and it envisions the next big change in cellular technology, spurring a new era of intelligent, connected devices and new opportunities in connected cars, remote delivery of healthcare services and IoT.

‪Qualcomm, which proposes to start work on its campus in 2019, has a presence in Hyderabad, Bengaluru, and Chennai. ‪In Hyderabad since 2004, the company has expanded across multiple floors in six leased buildings, with a head-count of about 4,000 employees.

Qualcomm’s campus and investment plan would give a boost to electronics and semi-conductor investment in the city. Earlier Micron, a semiconductor and a storage solutions company, had announced plans for a big presence in the city.

‪K.T. Rama Rao said: “By setting up its mega campus in Hyderabad and its largest globally after its headquarters in San Diego, Qualcomm now joins an elite list of companies to have their largest presence globally outside their headquarters, in Hyderabad. We have Apple, Amazon, Google, Microsoft, Facebook and now Qualcomm. This list will only increase as there are a few more companies that we are working with actively. This is indeed a big boost to the state of Telangana, the electronics and semiconductors industry and the ecosystem of operators, OEMs, regulators, start-ups and R&D engineers.”

‪Qualcomm Development Center engages in the areas of driving technology leadership in 5G, IoT, and Mobile Platforms (Snapdragon) Research, development of Qualcomm chipsets and support in commercialisation of advanced wireless modems and satellite communication, among other areas.

Headquartered in San Diego, Qualcomm has a market capitalisation of over $100 billion and has 167 offices and R&D and development centres around the world, including multiple sites in the US, India, Israel, Singapore, China, and Western Europe. – The Hindu Business Line