Semiconductor venture: Zoho CEO Vembu says application still pending

BENGALURU: SaaS unicorn Zoho Corp’s CEO and co-founder Sridhar Vembu on Wednesday said the company is not directly involved in the semiconductor venture and it is only an investor in Silectric Semiconductor Manufacturing, which is awaiting clearance from the government.

“Zoho has no expertise in the area (semiconductor). We know software, technology… We don’t know about semiconductors, that’s why we are only an investor and the application is still pending,” he told TNIE.