Indian software company Zoho has reportedly put on hold its year-long $700 million chip manufacturing initiative. Reportedly, Zoho faced difficulties in securing a suitable technology partner to guide it through the intricacies of chip production.
Similarly, Gautam Adani’s conglomerate has reportedly also halted talks with Israel’s Tower Semiconductor regarding its $10 billion semiconductor project, following an internal review.
As part of its diversification efforts, Zoho had committed to investing $400 million in a semiconductor plant in Karnataka. Further, it remains uncertain whether the company will revisit its chipmaking plans if a suitable partner is found.
