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Zoho Halts USD 700mn Chipmaking Plan Due to Lack of Tech Partner and High Costs
The Business Guardian
|May 05, 2025
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.
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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.
Vembu posted on social media 'X', "On our semiconductor fab investment plan, 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."
He added, "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."
As part of the plan, Zoho had planned to invest USD 400 million in a semiconductor facility in Karnataka, it was expected to create 460 new jobs.
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