Zoho suspends $700 million chipmaking plan in latest setback for India, sources say

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NEW DELHI :Indian software firm Zoho has suspended its year-long pursuit of a $700 million plan to foray into chip manufacturing, sources familiar with the matter said, dealing another blow to the Indian government's ambitious semiconductor plans.

"Zoho could not find a tech partner despite an extensive search," said one of the sources.

Zoho, valued at around $12 billion, offers cheaper alternatives to cloud-based software tools made by the likes of Microsoft.

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Category: EconomyBusiness

Markets: SingaporeIndiaIsrael

Topics: Chip India Chipmaking Semiconductor Indian Zoho Software Million Manufacturing Plan Sources

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 18:36:22 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28308931

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Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 3 hours ago

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