Qualcomm to invest $400 million in Hyderabad for largest foreign campus

HYDERABAD: After US biggies like Google, Amazon, Apple, Facebook and Uber, it’s now the turn of semiconductors and telecom behemoth Qualcomm to come calling on Hyderabad.

In what is being touted as the biggest investment by a marquee company after the formation of Telangana, Qualcomm will be investing $400 million (Rs 3,000 crore) in setting up its largest campus outside its San Diego headquarters in Hyderabad, IT minister KT Rama Rao’s office said on Saturday.

Qualcomm — which has a presence in India through its centres in Hyderabad, Bengaluru and Chennai — is expected to kick off work on its Hyderabad campus in 2019. The first phase of the project is slated to include a built-up space of 1.7 million sqft, housing about 10,000 employees, KTR said after a meeting with senior Qualcomm officials here.

“By setting up its mega campus in Hyderabad, Qualcomm joins the elite list of firms that have their largest presence outside of their headquarters in Hyderabad. This is indeed a big boost to Telangana, the electronics & semiconductors industry and the ecosystem of operators, original equipment manufacturers, regulators, startups and R&D engineers,” KTR said.