Qualcomm has informed that it has invested Rs 730 crore in Reliance Industries' subsidiary company- Jio Platforms. Qualcomm belongs to which country?
[A].
USA
[B].
UK
[C].
UAE
[D].
Russia
Answer: Option A
Explanation:
The United States-based Multinational Corporation-Qualcomm has informed on 12th July 2020 that it has invested Rs 730 crore in Reliance Industries' subsidiary company- Jio Platforms. Rs 730 crore of investment will translate to 0.15 percent of an equity stake for Qualcomm in Jio Platforms. In a matter of 12 weeks since 22nd April 2020, this was the 13th foreign investment, and the 12th Foreign Investor (Silver Lake has invested Twice) in Jio Platforms.
