Qualcomm to set up $400 million campus in Hyderabad
08 Oct 2018
Semiconductor and telecom giant Qualcomm will invest $400 million (about 3,000 crore) to set up a campus in Hyderabad, reportedly its largest facility outside of the United States, the Telangana state government announced on Saturday.
According to Telangana’s 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.
“Qualcomm will be investing $400 million (Rs3,000 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.
With its Hyderabad campus, Qualcomm joins several elite firms to set up base in the new state.
"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.
The plan for setting up the campus was finalised during 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.
The first phase of the project involves construction of a built-up space of 1.7 million sq ft, 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 semiconductor industry and the ecosystem of operators, original equipment manufacturers, regulators, startups, and R&D engineers," added the Telangana IT minister in statement.
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 they 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 semiconductor industry,” he said.