Qualcomm plans to set up campus in Hyderabad—its largest outside US
Qualcomm says it will be investing Rs 3,000 crore to set up their campus in Hyderabad
Hyderabad: Tech major Qualcomm Saturday announced plans to set up its largest campus outside the U.S. here. The company’s officials met Minister for IT in the Caretaker government K T 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.
Phase-1 of the project would include a built up space of 1.7 million square feet, housing about 10,000 employees, it said.
The release quoted Qualcomm officials as saying that the company was playing a key role in driving the wireless revolution by making mobile communications more accessible and affordable.
The proposed facility would be its largest campus globally after its San Diego headquarters and the USD 400 million investment by Qualcomm in Hyderabad would be its largest globally, the release said.
- Mastercard will delete Indian cardholders’ data from servers; warns of impact
- Fortis says SC order does not impact 31.1% stake sale to IHH
- NGT clears way for reopening Sterlite copper smelter; Tamil Nadu govt to move SC
- Petrol prices hiked, diesel prices slashed. Check today’s rates
- Apple to roll out new Snoopy, Peanuts cartoon series
Editor's Picks »
- Markets yet to warm up to KEC International’s record order book
- Indraprastha Gas and Mahanagar Gas shares are low on fuel
- Overhang of capacity constraints lifts for ACC, Ambuja Cements
- Stock market traders fall for the ‘buy rural’ narrative, once again
- Continuing volume momentum puts Indian ports in a good position