President of Qualcomm India Sunil Lalvani, stepped down on Tuesday, after joining the multinational semiconductor and telecom equipment company about a year ago. Confirming the development, the company said that his replacement would be announced shortly.
Lalvani took charge of the company’s India business at a time when the San Diego-based firm “is facing huge challenges globally” and in the local market, the Hindu Business Line added. Lalvani had replaced Avneesh Agrawal, who was with Qualcomm for over two decades.
Qualcomm is an American multinational semiconductor and telecom equipment firm that designs and markets wireless telecom products and services. The company derives most of its revenue from chipmaking and the bulk of its profit from patent licensing businesses and has 224 offices worldwide.