After several high-end companies, Qualcomm is ready with a $400 mn investment plan to boost Hyderabad’s electronics and semiconductors industry
Tech innovator, Qualcomm has planned to make an investment worth$400 million on its upcoming campus in Hyderabad. The aim is to expand its footprint by supporting the electronics and semiconductor segments. This centre is claimed to be the company’s largest campus globally after its San Diego headquarters.
Tech hub Hyderabad
Telangana IT minister, KT Rama Rao believes that the company’s move to set up one of its largest plants in the city will further boost the city’s image in becoming the tech hub of the country. He said that the state’s largest city already housed several big brands like Apple, Amazon, Google, Microsoft and Facebook and that Qualcomm’s arrival would add on to the city portfolio. He considers this as a positive sign for the electronics and semiconductors industry and the ecosystem of operators, OEMs, regulators, start-ups and R&D engineers.
Shashi Reddy, Vice-President of Engineering for Qualcomm and Chandra Shekar Kumili, Director for Operations, reportedly, have confirmed about Qualcomm’s investment plans. The upcoming campus in Hyderabad will be set up in space of about 1.7 million sq. ft. and the aim is to employ around 10,000 employees.
Qualcomm portfolio
Headquartered in San Diego, Qualcomm works in areas such as 5G, Internet of Things (IoT), and mobile platforms (Snapdragon) research and development of Qualcomm chipsets. It is also into mobile communications.
With a market capitalisation of over $100 billion, the tech firm operates from around 167 offices in the US, India, Israel, Singapore, China, and Western Europe. In India, Qualcomm centres are in Hyderabad, Bengaluru, and Chennai, of which the existing one in Hyderabad has been operating since 2004. The company plans to start working on its new project in 2019.
