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Fri, Jun 6, 2025
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Updated 33 days ago
Zoho, Adani Pause Chip Projects, Hurting India’s Ambitions
Zoho, Adani Pause Chip Projects, Hurting India’s Ambitions

Zoho, Adani Pause Chip Projects, Hurting India’s Ambitions

News summary

Zoho Corporation has suspended its $700 million semiconductor manufacturing initiative, including a planned $400 million facility in Karnataka, after failing to secure a technology partner and expressing doubts about the current technology. Founder Sridhar Vembu cited the capital-intensive nature of chip fabrication and the need to avoid risking taxpayer money, with the board deciding to shelve the project for now. The Karnataka government, which had approved the project and anticipated job creation, has not yet received official notification of the suspension. Separately, the Adani Group has paused its $10 billion chip project with Israel's Tower Semiconductor after an internal evaluation. These setbacks from Zoho and Adani are considered major obstacles to India's goal of building a domestic semiconductor ecosystem and establishing itself as a global chip manufacturing hub. The developments underscore the significant challenges Indian firms face in entering the complex and capital-heavy chip industry.

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Yahoo! Finance
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Zoho halts $700m chipmaking venture in India
35 days ago
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Yahoo! Finance
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Zoho suspends $700 million chipmaking plan in latest setback for India, sources say
35 days ago
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Zoho suspends $700 million chipmaking plan in latest setback for India, sources say
35 days ago
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Yahoo! Finance
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Zoho halts $700m chipmaking venture in India
35 days ago
Read Full Article
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Yahoo! Finance
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Zoho suspends $700 million chipmaking plan in latest setback for India, sources say
35 days ago
Read Full Article
alt
Reuters
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Zoho suspends $700 million chipmaking plan in latest setback for India, sources say
35 days ago
Read Full Article
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daae85f0-2883-42fc-b085-888140adf30da3544a73-dab3-486d-ae75-bd4d15f01f55
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Coverage Details
Total News Sources
2
Left
1
Center
1
Right
0
Unrated
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Last Updated
33 days ago
Bias Distribution
50% Center
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Story Coverage
alt
Yahoo! Finance
Left
Zoho halts $700m chipmaking venture in India
35 days ago
Read Full Article
alt
Yahoo! Finance
Left
Zoho suspends $700 million chipmaking plan in latest setback for India, sources say
35 days ago
Read Full Article
alt
Reuters
Center
Zoho suspends $700 million chipmaking plan in latest setback for India, sources say
35 days ago
Read Full Article
alt
Yahoo! Finance
Left
Zoho halts $700m chipmaking venture in India
35 days ago
Read Full Article
alt
Yahoo! Finance
Left
Zoho suspends $700 million chipmaking plan in latest setback for India, sources say
35 days ago
Read Full Article
alt
Reuters
Center
Zoho suspends $700 million chipmaking plan in latest setback for India, sources say
35 days ago
Read Full Article
Ask VT AI
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30da3544a73-dab3-486d-ae75-bd4d15f01f55
Left 50%
Center 50%
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