Zoho pauses USD 700mn chipmaking plan in absence of tech partner and high capital requirement
New Delhi [India], May 3 (ANI): Software giant Zoho has decided to put its ambitious $700 million (approximately Rs5,800 crore) semiconductor manufacturing plan on hold, which came across as a notable setback for India’s efforts to build a domestic chip manufacturing ecosystem.
Co-founder and CEO of Zoho, Sridhar Vembu, stated the reason for pause as not sure of the right technology path and significant capital investment required for semiconductor fabrication Plant.
