After Adani, Zoho Shelves Its $700 Mn Semiconductor Plan

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…