In December, the Ohio High-Growth Investment Opportunities (O.H.I.O.) Fund led a $14 million investment in a Solon-based company it created to bring cutting-edge production of high-tech semiconductor chip modules to Northeast Ohio.
The new impact fund that invests in high-growth opportunities in Ohio’s future economy created Eagle Electronics Inc. to license the technology and equipment of Quectel in Shanghai, China, which holds up to 45% of the global market share for cellular chip modules, according to Mark Kvamme, managing director, CEO and chief investment officer of the O.H.I.O. Fund.
This article first appeared in ClevelandInno on February 19, 2025.