Zoho shelves plans for $700 million semiconductor plant over tech uncertainty

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Zoho Corporation has shelved its ambitious $700-million plan to build a compound semiconductor fabrication plant, citing technological uncertainties and a reluctance to proceed without full confidence in the chosen path. The decision was announced by the company’s founder and chief scientist Sridhar Vembu on the social media platform X (formerly Twitter).

“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…



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Zoho shelves plans for $700 million semiconductor plant over tech uncertainty


Zoho Corporation has shelved its ambitious $700-million plan to build a compound semiconductor fabrication plant, citing technological uncertainties and a reluctance to proceed without full confidence in the chosen path. The decision was announced by the company’s founder and chief scientist Sridhar Vembu on the social media platform X (formerly Twitter).

“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…



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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