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Benzinga

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Eva Mathew

MYSTERIOUS: Nvidia qualcomm join 850 million push backing india s deep tech startups - What They Never Told You

Nvidia Qualcomm India Nasdaq United States NVDA QCOM AMD OpenAI

Shanghai,china-july,12th,2024:,Qualcomm,Incorporated,,Nvidia,Corporation,,Amd.,Assorted,Semiconductor

Nvidia Corp (NASDAQ:NVDA) and Qualcomm‘s (NASDAQ:QCOM) investment arm joined Indian and U.S. investors backing the South Asian country’s deep-tech startups, as the India Deep Tech Alliance (IDTA) expands with new members and fresh capital commitments exceeding $850 million.

Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital are among the other new investors joining the IDTA, which was launched in September with a $1 billion initial commitment.

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