Qualcomm to invest Rs 730 crore in India’s Reliance Jio Platforms
July 12, 2020
- US chipmaking giant Qualcomm’s venture arm has invested Rs 730 crore (approximately $97 million) in Jio Platforms for a 0.15 percent stake. This is the 13th foreign investment in Reliance’s $65 billion digital business in a span of 12 weeks.
- The investment will deepen the ties between Qualcomm and Jio Platforms to support Jio Platforms on its journey to roll out advanced 5G infrastructure and services for Indian customers.