Qualcomm to create $400mn largest-ever foreign campus in Hyderabad
Hyderabad already hosts mega campuses of tech behemoths like Google, Amazon, Apple, Facebook and others in India. Now, semiconductors and telecom giant Qualcomm has come calling on Hyderabad, and in style. Marking possibly one of the biggest investments by a marquee company in Telangana since its formation, Qualcomm is set to invest a whopping $400mn (Rs. 3,000cr) in its upcoming Hyderabad campus. Here's more.
With its Hyderabad campus, Qualcomm joins several elite firms
According to IT minister KT Rama Rao's office, Qualcomm's $400mn campus in Hyderabad will be its largest, leaving aside its headquarters in San Diego, California. "By setting up its mega campus in Hyderabad, Qualcomm joins the list of elite firms that have their largest presence outside of their headquarters in Hyderabad," said the minister, emphasizing Hyderabad's stature as an IT hub.
What we know about Qualcomm's mega campus
The plans for the campus have been finalized in a meeting between KT Rama Rao and senior Qualcomm officials. The work on Qualcomm's mega Hyderabad campus is expected to start some time in 2019. According to plans, the first phase of the project involves construction of a built-up space of 1.7 million sqft, with the capacity to house around 10,000 employees.
The campus will be a big boost to Telangana
"This is indeed a big boost to Telangana, the electronics and semiconductors industry and the ecosystem of operators, original equipment manufacturers, regulators, startups, and R&D engineers," added the Telangana IT minister in statement.
