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Chip Maker Invests $150 Million for Startups to Fuel IoT

US-based chip maker Qualcomm on Sunday said it would invest up to $150 million (Rs 9.8 billion) in Indian start-ups via a venture fund after Prime Minister Narendra Modi met top tech honchos in the Silicon Valley during his US visit. The San Diego based chip-maker made the announcement after its executive chairman Paul Jacobs met the Indian prime minister at the Digital Economy event in San Jose and said the venture fund was in support of the government's Digital India and Make-in-India initiatives.

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