Schedule a Call Back
Zoho halts $700 million chipmaking plan in latest setback for India
Industry News- May 05,25
As part of its diversification, Zoho had planned to commit $400 million to build a semiconductor facility in Karnataka, southern India.
Indian software company Zoho has put on hold its $700 million semiconductor manufacturing initiative, according to sources familiar with the situation, marking another setback for the Indian government’s semiconductor ambitions.
Zoho, which had been working on the plan for a year, faced difficulties securing an appropriate technology partner to guide it through the complexities of chip production, one source explained.
Separately, Reuters reported that Indian billionaire Gautam Adani’s group has also paused its discussions with Israel’s Tower Semiconductor regarding a $10 billion chip project, following an internal assessment.
Zoho, valued at approximately $12 billion, is known for providing cost-effective alternatives to cloud-based software products from companies like Microsoft. Its co-founder, billionaire Sridhar Vembu, has gained recognition for his unconventional practice of basing company operations in rural Indian villages.
As part of its diversification, Zoho had planned to commit $400 million to build a semiconductor facility in Karnataka, southern India. Vembu has publicly stated that semiconductor technology is crucial for the country’s progress.
The entire chipmaking effort, which Reuters first reported in May 2024, has now been suspended, said two sources, who requested anonymity as the decision has not yet been publicly announced.
(Reuters & The Hindu)
Related Stories
Other Industrial Products
European machine tool makers see India as strategic partner: Filip Geerts
In this interview with Rakesh Rao, Filip Geerts, Director General, CECIMO, shares his insights into the challenges, opportunities, and outlook for the European and global machine tools sector
Read moreOther Industrial Products
For Sugatsune, India is a canvas of possibilities: Anil Rana
In this interview with Rakesh Rao, Anil Rana, MD, Sugatsune India, explains how the company wants to become a trusted partner for Indian industries by deepening collaborations and expanding local ca..
Read moreOther Industrial Products
GTW aims to become a global player in customised cutting tools: Tosher Hormusjee
In this interview, Tosher G Hormusjee, Managing Director, GUSTI Tool Works LLP, explains plans to expand capacity, diversify tooling solutions and strengthen exports.
Read moreRelated Products
Integrated Electric Gripper S Series
ELECTRICAL & ELECTRONIC EQUIPMENT
IBK Engineers Pvt Ltd offers a wide range of integrated electric gripper S series.
Geared Electric Motors
ELECTRICAL & ELECTRONIC EQUIPMENT
Delco Fans Pvt Ltd offers single phase capacitor run and three
phase geared Instrument motors, totally enclosed face/foot mounted.
“Kusam-Keco” Partial Discharge Acoustic Imager - Model - Km-pdai
ELECTRICAL & ELECTRONIC EQUIPMENT
‘Kusam-Meco’ has introduced a new “Partial Discharge Acoustic Imager Model KM-PDAI.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
