Serial entrepreneur Dasaradha Gude has announced investments of $15-20 million in his new venture INVECAS Technologies, a semiconductor design firm with two centres in Hyderabad and Bengaluru and the third in the US.

The company tied up with the Silicon Valley-based chip manufacturer Global Foundries for the chip production.

“We are having about 200 employees in our three centres. We are going to hire 800 more to make it a 1,000-employee firm in the next two years,” Gude said.

Semiconductor designs Addressing a press conference here on Wednesday, he said the firm would build semiconductor designs that can help consumer digital produce sleeker and efficient gadgets.

“The designs would help firms build, say thinner phones and smarter phones that can offer longer batter lives,” he said.

For geeks, the firm would work on designing and offering intellectual property in the 14 nanometre FinFET technologies. A lion’s share of investments would go in creating validation and characterisation laboratory.

“We are expecting our product to come out by December-end,” INVECAS Chief Executive Officer said.

Global Foundries has manufacturing facilities in Dresden (Germany), Malta (New York) and Singapore.

The firm, with 13,000 employees and 160 customers, has built an ecosystem around the semiconductor stakeholders. INVECAS is the first firm in its ecosystem.

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