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Next Orbit Ventures Fund forms consortium to manufacture analog chips

Business Standard  

Next Orbit Ventures Fund, a multi-asset fund management company, has stitched together a consortium, which includes global wafer foundries, Indian corporate houses, and some Navratna public sector undertakings, to invest USD 3 billion to manufacture analog chips in Dholera, Gujarat. Eventually, the Mumbai-based fund will invest USD 15 billion. This will include two other ventures, which will be separate companies: one to manufacture digital chips in a technology tie-up with the fourth largest foundry in the world in Taiwan and the other to manufacture memory chips.