Zoho halts $700 million chip manufacturing plan; setback to India’s semiconductor push

Indian software firm Zoho has suspended its year-long pursuit of a $700 million plan to expand into chip manufacturing, its co-founder said on Thursday, confirming a Reuters story and dealing another blow to the government’s semiconductor plans.

Zoho struggled to find the right technology partner required to advise on complex chipmaking processes, one source familiar with the matter told Reuters earlier.