Chip services provider Tessolve raises $75 mn from Vector Line Capital to pursue acquisitions

NEW DELHI: Tessovle Semiconductor said on Sunday that it has secured a $75 million investment from the US-based Vector Line Capital, which will support the indigenous company’s growth strategy, including acquisitions.

Vector Line, which has made significant investments across the global semiconductor ecosystem, is making its first investment in India with Tessolve Semiconductor.

Tessolve, a Hero Electronix venture, said in a statement that it is already in advanced discussions to close multiple acquisitions over the next couple of quarters.