Qualcomm to set up $400 million campus in Hyderabad, largest facility outside US
Hyderabad: Tech major Qualcomm Saturday announced plans to set up its largest campus outside the U.S. 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.
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 company’s officials met Minister for IT in the Caretaker government KT Rama Rao Saturday to discuss their growth plans in the city. “Qualcomm will be investing USD 400 million (Rs 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,” it said in a release.
Qualcomm 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 joins the elite list of companies that have their largest presence globally outside of their headquarters in Hyderabad, Rama Rao said in the statement.
“We have Apple, Amazon, Google, Microsoft, Facebook and now Qualcomm. This list will only increase as there are a few more in the pipeline that we are working actively with. This is indeed a big boost to the state of Telangana, as well as to the electronics, and semiconductors industry…,” he said.
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.