Zoho eyes chip manufacturing with $700 million investment: Report fonearena.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fonearena.com Daily Mail and Mail on Sunday newspapers.
Cloud software major Zoho s Founder and CEO Sridhar Vembu on Friday said the company is not ready to announce anything yet regarding investments in a semiconductor fabrication unit.
Zoho To Invest USD 700 Mn In Semiconductor Manufacturing, Seeks Govt Support menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Indian software firm Zoho
is planning a foray into chipmaking and seeking incentives from
the federal government, two sources with direct knowledge of the
proposal said, with one of them pegging the.
Indian software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investment plan at $700 million. Zoho, established in 1996 and now headquartered in India's Tamil Nadu, offers software and related services on subscription to businesses in 150 countries, competing with the likes of Microsoft and Salesforce. It is the latest company to seek financial sweeteners from the government to set up a chip fabrication plant.