💨 Abstract

Software giant Zoho has paused its $700 million semiconductor manufacturing plan due to uncertainty about the technology path and significant capital investment required. The decision is a setback to India's efforts to establish a domestic chip manufacturing ecosystem, as the company planned to invest $400 million in a facility in Karnataka, expected to create 460 jobs. Currently, India lacks operational chipmaking facilities.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖