October 6, 2018
The first phase of the project, work on which will start in 2019, will see the construction of a manufacturing facility spread over 1.7 million sq ft with enough space for 10,000 employees
The investment was announced following a meeting between the representatives of Qualcomm and the Minister for Information Technology and Industries of Telangana, KT Rama Rao
With its latest expansion, Qualcomm joins an elite list of companies such as Apple, Amazon, Google, Microsoft and Facebook that have their largest international presence in Hyderabad
As per Indian Electronics and Semiconductor Association, the Indian Electronic System Design and Manufacturing market is touted to rise from US$76 billion in 2013 to US$400 billion by 2020
Qualcomm, an American semiconductor and telecommunications equipment maker, is planning to set up its largest foreign operation in Hyderabad, according to a statement by the Telangana State Government on October 6. The company, which draws the majority of its income from chipmaking and patent licensing, is looking to invest as much as US$400 million in its newest Indian campus. The first phase of the project, work on which is expected to start in 2019, will see the construction of a manufacturing facility spread over 1.7 million sq ft with enough space for as many as 10,000 employees. Currently, Qualcomm already operates in India out of Hyderabad, Bengaluru, and Chennai.
The investment was announced following a meeting between the representatives of Qualcomm and the Minister for Information Technology and Industries of Telangana, KT Rama Rao. With its latest expansion, Qualcomm joins an elite list of companies that have their largest presence globally outside of their headquarters in Hyderabad, Mr Rama Rao said in the statement. Foreign firms with sizeable presence in Telangana include Apple, Amazon, Google, Microsoft and Facebook. This list will only increase as they are a few more in the pipeline that we are working actively with, Mr Rama Rao added. Qualcomm’s plans comes amid India’s rise as a global centre of semiconductor designing.
The Indian semiconductor industry is on a strong growth path. A growing number of domestic startups, driven by indigenous innovations, as well as international players are tapping into the growing demand in the mobile phone, television, set-top box (STB), LED lighting, electronics and renewable energy sectors. According to the Indian Electronics and Semiconductor Association, the Indian Electronic System Design and Manufacturing (ESDM) market is expected to grow from US$76 billion in 2013 to US$400 billion by 2020. The vision is not just to cater to domestic demand, but also to transform India into an export hub, on the back of modern technologies such as artificial intelligence (AI).