Qualcomm to open its 2nd largest office outside US in Hyderabad by October
American multinational corporation Qualcomm will be
investing Rs 3,904.55 crore to expand their Hyderabad operations and are
planning to inaugurate their second largest campus outside the US in October
2022.
This investment would be made over a period of five years and will
lead to an employment generation for about 8,700 software professionals.
The new campus coming up in Hyderabad will be spread over an area
of 1.572 million square feet in Rayadurgam. The campus will be ready for
inauguration by October 2022.
The leadership team of Qualcomm informed
this to Telangana's Information Technology and Industries Minister K.T. Rama
Rao, who is currently on a visit to the US.
The leadership team from Qualcomm comprising
their CFO, Akash Palkhiwala, VPs James Jean, Laxmi Rayapudi, Parag Agashe, and
Senior Director Dev Singh met Rama Rao at their headquarters in San Diego.
During the meeting, the Telangana government agreed to partner
with Qualcomm in areas such as agriculture, Smart Cities, digital education,
and connected devices.
KTR, as the minister is popularly known, also met electric vehicle
company Fisker Inc's Chairman & CEO Henrik Fisker, CFO Geeta Fisker, and
the management team.
He thanked the leadership team of Fisker for choosing Hyderabad to
set up their IT Development Center. The initial headcount of this upcoming
center will be 300 IT professionals.
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