TSMC aiming for more than financial returns with its investment in US start-up Tela Innovations

Taiwan Semiconductor (TSMC), the world’s leading microchip foundry company, will invest $65 million in California-based start-up Tela Innovations through its venture capital arm TSMC Partners.

Founded in 2005, the US company is seen as one of the brightest prospects in electronic design automation (EDA) technology for the semiconductor industry, having already gained investment from key chip players Intel, Qualcomm, Cadence and KLA-Tencor.

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