Cloud software major Zoho to pump millions of dollars into chip design in India

New Delhi, May 16 : As India bets big on its semiconductor dream under the vision of Prime Minister Narendra Modi, homegrown IT software major Zoho is planning to invest millions of dollars into a chip design and manufacturing facility in the country.

The cloud software major is currently seeking incentives under the production-lined incentive (PLI) scheme, according to sources with direct knowledge of the matter.

The government in 2021 announced the Rs 76,000 crore chip incentive schemes, aimed at catalysing the semiconductor value chain — design, manufacturing, packaging and testing of microchips.