Chinese smartphone maker OnePlus will invest Rs 1,000 crore over three years in its Hyderabad research and development facility that was inaugurated on Monday.
The company plans to grow the Hyderabad facility into its biggest R&D centre globally in three years by employing 1,500 people within that time period, said Pete Lau, co-founder and chief executive officer of OnePlus.
The OnePlus Hyderabad R&D centre currently has over 200 employees.
"In three years, we plan to grow the new R&D centre in Hyderabad into our biggest globally. We plan to re-focus our R&D efforts on a large scale and drive innovations in India for the global product, especially on the software side with special emphasis on Artificial Intelligence, 5G and IoT (Internet of Things)," said Lau.
The facility will support its global requirements including 5G solutions, he added.
The OnePlus Hyderabad R&D centre will house three labs—one each for camera, communications and networking, and automation. These will focus heavily on camera development, 5G testing, software with a focus on AI and performance.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
