TI’s $60 billion US plan, L&T’s second ESG bond, Embedl’s edge-AI tech, Neoclease’s gene-editing platform, and more

Daily brief on deep tech and climate tech from India and around the world.Texas Instruments commits $60 billion to semiconductor expansionThe investment will build seven fabs across Texas and Utah, boosting U.S. production of 300mm chips for companies like Apple and Nvidia. Supported by $1.6B in CHIPS Act funding, the project will create 60,000 jobs and manufacture hundreds of millions of chips daily. Embedl secures €5.5 million to scale its edge AI platformThe Swedish deep tech startup, spun out from Chalmers University, raised pre-Series A funding to make edge-AI deployment accessible for developers in robotics, defense, and automotive. Their platform optimizes AI inference for local hardware, reducing cloud dependency and energy use. Chalmers Ventures led the round, bringing total funding to €12 million.Listen to the podcastOrangeQS sets Dutch record with €12 million seed roundThe Delft-based quantum startup raised the largest seed investment in the Netherlands’ quantum sector to scale automated testing systems for quantum chips. Funding will accelerate the transition from lab prototypes to industrial quantum computers, leveraging deep academic expertise.Neoclease wins Merck’s biotech grant for its AI gene-editing techThe Boston startup won Merck’s 2025 North American Advance Biotech Grant for its AI-designed platform targeting Parkinson’s disease. The grant provides access to Merck’s manufacturing tech and regulatory support to scale therapies for 6,000+ genetic disorders.Fervo and Form Energy advance energy projects for AIFervo is building the world’s largest geothermal plant in Utah to power data centers, while Form Energy raised $400 million to scale iron-air batteries. Both startups are fast-tracking deployments amid surging AI-driven energy demand, with Constellation Energy restarting nuclear plants for Microsoft.Typedef raises $5.5 million for AI data infrastructureThe startup’s platform automates data pipeline management for LLM workloads, enabling faster AI deployment. Pear VC led the seed round to target the $200B AI infrastructure market, simplifying prompt experimentation and pipeline optimization for enterprises.L&T considers second ESG bond after strong demand for debut issueIndian infrastructure giant Larsen & Toubro is exploring a second round of ESG (environmental, social, and governance) bonds after its inaugural ₹500 crore ($58 million) issue sold at a premium under India’s new ESG debt framework. The three-year notes, rated AAA by Crisil, were priced at a 6.35 percent coupon—lower than comparable bonds—reflecting high demand from banks and mutual funds. SBI Mutual Fund was a key investor in the debut.In ConversationIn-depth conversations with entrepreneurs, investors, industry leaders and other stakeholders building India’s deep tech and climate tech ecosystems.ConversationsIn Conversation with Vishal Kataria at Ankur Capital: My Top 10 Takeawaysby Hari ArakaliJune 8, 2025ConversationsVishal Katariya at Ankur Capital on the climate tech opportunity in Indiaby Hari ArakaliJune 8, 2025