  We construct explicit BPS and non-BPS solutions of the Yang-Mills equations
on the noncommutative space R^{2n}_\theta x S^2 which have manifest spherical
symmetry. Using SU(2)-equivariant dimensional reduction techniques, we show
that the solutions imply an equivalence between instantons on R^{2n}_\theta x
S^2 and nonabelian vortices on R^{2n}_\theta, which can be interpreted as a
blowing-up of a chain of D0-branes on R^{2n}_\theta into a chain of spherical
D2-branes on R^{2n} x S^2. The low-energy dynamics of these configurations is
described by a quiver gauge theory which can be formulated in terms of new
geometrical objects generalizing superconnections. This formalism enables the
explicit assignment of D0-brane charges in equivariant K-theory to the
instanton solutions.
