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Japan's Rohm kicks off $45m venture fund to drive new chip tech

US startup Locix among first beneficiaries in chipmaker's push for growth

Rohm is investing in promising startups with an eye on its earnings in the 2030s and beyond.   © Reuters

KYOTO -- Japanese chipmaker Rohm has launched a 5 billion yen ($45.3 million) venture capital fund to invest in next-generation semiconductor technology that can propel growth in the decades to come.

As a first step, Rohm's fund invested 300 million yen in U.S. startup Locix, which provides spatial intelligence solutions for warehouses and factories. Rohm believes its technology can help expand sales channels for semiconductors.

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