ISMC to invest $3 bln for chip plant in India; Amazon cuts back paid Covid-19 leave in the US; Rise Capital enters India

ISMC, a semiconductor consortium, will invest Rs. 22,900 crore ($3 billion) in India's southern state of Karnataka to set up a 65 nm analogue chip-making plant, the country's first. Amazon is pulling back Covid-related paid leave for workers in the US, CNBC reports. Wipro will continue to buy scalable businesses. Plus, VC firm Rise Capital enters India