Qualcomm to open its 2nd largest office outside US in Hyderabad by October
- IBEF
- March 24, 2022
In October 2022, American multinational firm Qualcomm will invest Rs. 3,904.55 crore (US$ 512.25 million) in Hyderabad to expand its operations, with plans to open its second largest campus outside of the US. This investment will be made over a five-year period and will result in the employment of about 8,700 software specialists, with an initial staff of 500 IT professionals. This campus would be situated at Rayadurgam in Hyderabad, with an area of 1.572 million square feet.
The Telangana government is going to work with Qualcomm to improve sectors such as agriculture, smart cities, digital education, and connected gadgets.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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