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
Automation & Robotics
Primus Partners, ASSOCHAM spotlight AI in manufacturing at Odisha Conclave
Primus Partners and ASSOCHAM unveil AI-led manufacturing roadmap at Odisha Manufacturing Conclave 2025, positioning Odisha as a model for industrial transformation.
Read moreFabrication
Fronius marks 20 years of Cold Metal Transfer welding technology
Cold Metal Transfer (CMT) is a breakthrough welding process delivering unmatched precision, stability, and versatility across industries like automotive and aerospace.
Read moreAutomation & Robotics
Cyient Semiconductor, MIPS partner for RISC-V power solutions in key sectors
Cyient Semiconductor and MIPS partner to co-develop RISC-V-based intelligent power solutions for automotive, industrial robotics, and AI-driven power delivery systems.
Read moreRelated Products
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.
78 Series Din Rail Terminal Blocks
ELECTRICAL & ELECTRONIC EQUIPMENT
Werner Electric Private Limited offers a wide range of 78 series din rail terminal blocks.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
