The decision to set up US-based tech major Qualcomm's proposed campus here was a big boost to the state, the Electronics and Semiconductors Industry, the Telangana government has said.
"This facility by Qualcomm will be its largest campus globally after its San Diego headquarters and the USD 400 Million investment by Qualcomm in Hyderabad will be its largest globally," an official release said.
Qualcomm which proposes to start its campus work in 2019 has its Indian presence in Hyderabad, Bengaluru, and Chennai, it said.
However, the mega campus from Qualcomm and its major investment comes in as a big boost for the Electronics and Semiconductor investment in the city, it added.
The Vice President of Engineering for Qualcomm, Shashi Reddy and Director for Operations, Chandra Shekar Kumili met state Minister for IT and Industries K T Rama Rao here Saturday to discuss their growth plans in the city.
After the meeting, Rama Rao said, "By setting up its mega campus in Hyderabad and its largest globally after its headquarters in San Diego, Qualcomm now joins the elite list of companies that have their largest presence globally outside of their headquarters in Hyderabad.
We have the 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, the Electronics, and Semiconductors Industry and the ecosystem of Operators, OEMs, Regulators, Startups and R&D Engineers," Rama Rao said.
Qualcomm, with a market capitalisation of over USD 100 billion has 167 offices, R&D and Development centers around the world including multiple sites in US, India, Israel, Singapore, China, and Western Europe, the release added.
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