Qualcomm expands presence in Chennai with a proposed investment of Rs 177 cr
“At the Tamil Nadu Global Investors Meet in Chennai today, Qualcomm Incorporated announced a significant expansion in Chennai with a new facility for their Design Center, representing a proposed investment of Rs 177.27 crore,” the release said.
Chip designer Qualcomm on Sunday announced an expansion in Chennai with a new design center, entailing a proposed investment of Rs 177.27 crore and job creation for up to 1,600 skilled professionals.
The new center will specialize in wireless connectivity solutions, with an emphasis on innovations that complement Wi-Fi technologies. It will also actively contribute to Qualcomm's global research and development efforts in 5G cellular technology, affirming the company's commitment to being at the forefront of the wireless communications industry, a press release said.
The new design center is expected to generate jobs for up to 1,600 skilled professionals, contributing to the growth and development of Chennai's vibrant workforce, the center said.
“At the Tamil Nadu Global Investors Meet in Chennai today, Qualcomm Incorporated announced a significant expansion in Chennai with a new facility for their Design Center, representing a proposed investment of Rs 177.27 crore,” the release said.
Savi Soin, President, Qualcomm India, said the new design center in Chennai plays a crucial role in shaping the future of connectivity globally, especially in India.
“The new design center is a critical asset to support Qualcomm's commitment in India and design in India. This will expand our collaboration with Indian technology partners and accelerate market adoption of new technology,” Soin said.
Mahesh Moorthy, Vice President, Engineering and Head of Qualcomm Chennai Design Center, said that the state of Tamil Nadu with its rich pool of skilled professionals, excellent educational institutions and focus on innovation is key to propelling Qualcomm's technological advancements to new heights .
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
First print: January 7, 2024 | 1:13 p.m IST