IT minister KT Rama Rao and his team are in the US, and it has been an extremely fruitful trip for the state of Telangana as three major companies have announced massive investments in Hyderabad. Qualcomm, the US IT giant, has announced that it will be setting up its second-largest campus in the city, which will open in October 2022.
The MNC will be investing Rs 3904.55 crore over five years in a phased manner. Meanwhile, the works are on at the Hyderabad facility, and it will open in the fourth quarter of this year. About 8700 people will be recruited in this facility, says the software and semiconductor player. The company will be joining various other big IT firms that have their biggest campuses outside of the US in Hyderabad.
Already, KT Rama Rao has managed to strike a deal with two other US-based companies – golf equipment company Callaway Golf and electric vehicles player Fisker Inc. They, too, have announced to set up their technology centers here and will hire about 600 people. Callaway is being considered as an interesting tie-up as more sport and allied fields will look at Hyderabad to set up their technology centers.
Meanwhile, the Qualcomm office will be spread across 15.72 lakh sqft space, and the company plans to make significant investments in the next five years. Apart from software, Qualcomm is also looking at opportunities in agriculture, education, connected devices, and smart cities. For the unversed, the company is engaged in creating semiconductors, software, and services related to wireless technology. It owns patents critical to 5G, 4G, CDMA, and other mobile communication standards.
On the other hand, Callaway Golf is a premium golf equipment company with a profile of global brands that include Callaway Golf, Odyssey, OGIO, TravisMathew, and Jack Wolfskin. The company intends to deal with data analytics and also IT-backed support for its global operations from its office in Hyderabad. Similarly, Fisker Inc, an American electric vehicle company, has also chosen Hyderabad to set up their IT development center.