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A year after announcing its foray into the semiconductor space, SaaS unicorn Zoho has now put its $700 Mn chipmaking plan on hold.
Zoho’s founder Sridhar Vembu took to X to announce the development, saying that the company needs surety in its technological path before securing capital and government backing.
“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…
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A year after announcing its foray into the semiconductor space, SaaS unicorn Zoho has now put its $700 Mn chipmaking plan on hold.
Zoho’s founder Sridhar Vembu took to X to announce the development, saying that the company needs surety in its technological path before securing capital and government backing.
“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…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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