Qualcomm, one of the leading mobile chipset manufacturing company, is planning to setup its new campus in Hyderabad, India. The Hyderabad campus will be the company’s largest campus outside its home market.
Vice-President of Engineering for Qualcomm, Shashi Reddy, and Director for Operations, Chandra Shekar Kumili, met the Minister for IT, K T Rama Rao on Saturday for discussing the growth plans in the city.
In a statement released by the Ministry, it said: “Qualcomm will be investing USD 400 million (₹3,000 crore) to set up their campus in Hyderabad, Telangana. This is one of the largest investment by a marquee company after the formation of the state.”
The company envisions the next big change in cellular technology, spurring a new era of intelligent, connected devices and new opportunities in areas such as connected cars, remote delivery of healthcare services and Internet of Things (IoT).
The Phase-1 of the project would include a built up space of 1.7 million square feet, which can house about 10,000 employees. The company is hoping to start the work on this project in 2019. Qualcomm already has a presence in India in three major cities — Hyderabad, Bengaluru, and Chennai.
With this, Qualcomm will be joining the list of companies that have their largest presence globally outside their headquarters, in Hyderabad, India. Such companies include Apple, Amazon, Google, Microsoft, and Facebook.
Minister for Information Technology and Industries, KT Rama Rao, said that the state is actively working with a few other companies that will increase the list of companies having presence in Hyderabad.