We did not have …, says Zoho founder Sridhar Vembu as company suspends $700 million chipmaking plan
Zoho has halted its $700 million investment in chip manufacturing due to a lack of confidence in available technology. The company, which intended to invest $400 million in a Karnataka-based semiconductor facility, decided to shelve the plan until a more promising technological approach emerges. This decision follows concerns about securing taxpayer money without certainty in the tech.
