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Qualcomm to announce investment in JIO, investment plan worth Rs 730 crore

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new Delhi. Mukesh Ambani (JK Platform Investment) continues to invest in Jio Platforms. On Sunday, Qualcomm Ventures, a subsidiary of American Qualcomm Incorporated, announced an investment of Rs 730 crore in Jio Platforms for 0.15 per cent equity. 1,18,318.45 lakh crore has been invested for 25.2% equity in Jio platforms through 13 investments in 12 weeks. Qualcomm is known worldwide for its superior wireless technology. The equity value of Jio Platforms (Jio Platforms Equity Value) was Rs 4.91 lakh crore and Enterprise Value was Rs 5.16 lakh crore. Let us know that the investment in Jio Platforms started from Facebook on April 22, followed by Silver Lake, Vista Equity, General Atlantic, KKR, Mubadla and Silver Lake had additional investments. The investment was also later announced by the Abu Dhabi Investment Authority (ADIA), TPG, El Catterton, PIF and Intel.

Know about Qualcomm Company
Qualcomm is the world’s leading wireless technology innovator and works to develop, launch and expand 5G. Qualcomm has spent more than $ 62 billion so far on research and development. In the last 35 years, Qualcomm has more than 140,000 innovations including patents and patent applications. Qualcomm has reiterated its commitment to promote innovation and advance Indian technology. Qualcomm Ventures is a global fund that invests in wireless ecosystems in areas such as 5G, AI, IoT, Automotive, Networking and Enterprise.

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Qualcomm has deep technology knowledge
Mukesh Ambani, Chairman and Managing Director of Reliance Industries said, “Today I am happy to welcome Qualcomm Ventures as an investor in the Jio platform.” Qualcomm has been an important partner for many years and we have a shared vision of building a strong and secure wireless and digital network and expanding the benefits of digital connectivity to everyone in India. Qualcomm has deep technology knowledge in the field of wireless technologies and will help us in 5G technology and digital transformation of India.

To promote India’s digital economy
Qualcomm Incorporated CEO Steve Mollenkauf praised Jio, saying that Jio Platforms have led the digital revolution in India through their extensive digital and technological capabilities. With long experience of working in India and as an investor, we look forward to playing a role in Jio’s vision to move India’s digital economy forward.

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