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Zoho shelves chipmaking venture

The New Indian Express Hubballi

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May 02, 2025

HOMEGROWN SaaS unicorn Zoho has shelved its plan to build a $700 million semiconductor fabrication plant.

- ENS ECONOMIC BUREAU @ Bengaluru

On its semiconductor fab investment plan, Sridhar Vembu, chief scientist at Zoho said, "Since this business is so capital intensive it requires government backing, we wanted to be absolutely sure of the technology path before we take taxpayer money. We did not have that confidence in the tech so our board decided to shelve this idea for the time being, until we find a better tech approach."

The New Indian Express Hubballi

यह कहानी The New Indian Express Hubballi के May 02, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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