After Adani, Zoho Shelves Its $700 Mn Semiconductor Plan

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SUMMARY

Zoho is suspending its $700 Mn plan to foray into chipmaking

Zoho’s founder Sridhar Vembu said that the company’s board has decided to shelve chipmaking plans till it finds better tech approach

The SaaS unicorn last year sought Centre’s approval to get incentives under the production linked incentive scheme to set up chip fabrication plant

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…



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After Adani, Zoho Shelves Its $700 Mn Semiconductor Plan


SUMMARY

Zoho is suspending its $700 Mn plan to foray into chipmaking

Zoho’s founder Sridhar Vembu said that the company’s board has decided to shelve chipmaking plans till it finds better tech approach

The SaaS unicorn last year sought Centre’s approval to get incentives under the production linked incentive scheme to set up chip fabrication plant

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…



Source link

Disclaimer

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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