Vedanta, Foxconn to build $7-8 bln chip foundry in India; Pine Labs raises $150 mln; CRED in talks to invest in smallcase

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In a move that could give India at least a toehold in the global semiconductor fabrication market, Vedanta Group and Foxconn are partnering to build a chip foundry in India that could be ready as early as 2024, Economic Times reports. Pine Labs is raising $150 million in a mix of equity and secondary investments, ET reports. Plus, CRED is in talks to invest in smallcase, according to TechCrunch