India, Oct. 12 -- Tessolve Semiconductor, a Hero Electronix company that designs and develops chips for artificial intelligence (AI) infrastructure and high-performance computing (HPC), has secured USD 75 million from US-based Vector Line Capital to expand its semiconductor engineering capabilities and global operations.

The investment marks Vector Line Capital's first investment in India and will support Tessolve's growth, including strategic acquisitions to strengthen its engineering capabilities and broaden its services. The company said it was in advanced discussions to complete multiple acquisitions over the next two quarters.

Tessolve has evolved from a silicon testing company into an end-to-end semiconductor engineering provider,...