Qualcomm India expands presence in Chennai with new design centre; proposed investment at over Rs 177 crore
The new design centre is expected to generate jobs for up to 1,600 skilled professionals, contributing to the growth and development of Chennai's vibrant workforce, it said.
Chip designer Qualcomm on Sunday announced an expansion in Chennai with a new design centre that entails a proposed investment of Rs 177.27 crore and job creation for up to 1,600 skilled professionals. The new centre will specialise in wireless connectivity solutions, with a focus on innovations that complement Wi-Fi technologies. It will also actively contribute to Qualcomm's global Research and Development endeavours in 5G cellular technology, affirming the company's commitment to be at the forefront of the wireless communications industry, according to a release. The new design centre is expected to generate jobs for up to 1,600 skilled professionals, contributing to the growth and development of Chennai's vibrant workforce, it 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 Centre, representing a proposed investment of Rs 177.27 crore," the release said.
Savi Soin, President, Qualcomm India, said the new design centre in Chennai plays a pivotal role in shaping the future of connectivity globally, especially in India."The new design centre is a critical asset to support Qualcomm's commitment to make in India and design in India.
This will expand our collaboration with Indian technology partners and accelerate the market adoption of new technology," Soin said. Mahesh Moorthy, Vice President, of Engineering and Qualcomm Chennai Design Center Head, said the state of Tamil Nadu with its rich pool of skilled professionals, outstanding educational institutions and focus on innovation holds the key to propelling Qualcomm's technological advancements to new heights.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 400-day FD vs Bank of India 400-day FD: Where will investors get higher returns on investments of Rs 4,54,545 and Rs 6,56,565?
5X15X25 SIP Strategy: Is it possible to create Rs 1,64,20,369 corpus with Rs 5,000 monthly SIP investment?
SBI Green Rupee Deposit 2222 Days vs Canara Bank Green Deposit 2222 Days FD: What Rs 7 lakh and Rs 15 lakh investments will give to general and senior citizens; know here
01:33 PM IST