Close Menu
Stratnews GlobalStratnews Global
    Facebook X (Twitter) Instagram
    Trending
    • From Red Corridor to Growth Corridor
    • Viral Manga Quake Rumours Dent Japan Tourism but Visitors Still Arrive
    • US Lifts Restrictions, Allowing Siemens Full China Software Operations
    • Astronomers Capture Rare Double Detonation Supernova in Stunning Detail
    • Advances in Diabetes, Gene Editing, and Stroke Care Unveiled
    • AI Chatbots Can Be Programmed to Spread Health Misinformation
    • Qantas Hit by Major Cyber Hack Affecting Millions of Customers
    • EU Set to Propose 2040 Climate Goal Allowing Use of Foreign Carbon Credits
    Stratnews GlobalStratnews Global
    Write for Us
    Friday, July 4
    • Space
    • Science
    • AI and Robotics
    • Industry News
    Stratnews GlobalStratnews Global
    Home » Zoho Ventures into Chipmaking with $700 Million Investment

    Zoho Ventures into Chipmaking with $700 Million Investment

    Kanika SharmaBy Kanika SharmaMay 17, 2024 Science No Comments2 Mins Read
    Zoho

    Zoho’s Ambitious Plan

    Indian software firm Zoho plans to enter the chipmaking industry and seeks federal government incentives, according to sources familiar with the proposal. One source estimates the investment at around $700 million.

    Company Background

    Founded in 1996 and headquartered in Tamil Nadu, Zoho offers subscription-based software and services to businesses in 150 countries, competing with giants like Microsoft and Salesforce. This new venture into chip manufacturing marks a significant diversification for the company.

    Government Incentives and Industry Push

    Zoho is the latest company to seek government financial incentives for establishing a chip fabrication plant. Semiconductors are crucial to India’s economic strategy, supported by a $10 billion initiative aimed at boosting the industry. India aspires to rival countries like Taiwan in semiconductor production in the near future.

    Focus on Compound Semiconductors

    Zoho plans to produce compound semiconductors, which are used in specialized commercial applications and made from materials other than silicon. The proposal is currently under review by an IT ministry panel, which has requested more details on Zoho’s intended customers.

    Current Status and Future Prospects

    Zoho has yet to comment on the proposal, and the IT ministry has not provided an immediate response. The first source revealed that Zoho has identified a technological partner to assist in establishing the operation, although the partner’s name has not been disclosed.

    In March, Zoho’s founder and CEO, Sridhar Vembu, mentioned plans for a chip design project in Tamil Nadu but did not elaborate further. This latest move into chip manufacturing had not been previously reported.

    Financial Background and Market Outlook

    Zoho reported an annual revenue of over $1 billion for the financial year ending March 2023. Earlier this year, the Indian government approved the construction of three semiconductor plants worth over $15 billion by companies including Tata Group and CG Power. These plants will manufacture and package chips for various sectors, including defense, automotive, and telecommunications. India projects its semiconductor market to reach $63 billion by 2026.

    Zoho’s venture into chipmaking aligns with India’s broader goals of enhancing its semiconductor industry. With substantial investment and strategic planning, Zoho aims to contribute significantly to this growing sector.

    By addressing these suggestions, the article should have a clearer and more engaging flow. If further adjustments are needed, feel free to ask!

    Author

    • Kanika Sharma
      Kanika Sharma

      View all posts
    Featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp
    Kanika Sharma
    Kanika Sharma

      Keep Reading

      Viral Manga Quake Rumours Dent Japan Tourism but Visitors Still Arrive

      US Lifts Restrictions, Allowing Siemens Full China Software Operations

      Astronomers Capture Rare Double Detonation Supernova in Stunning Detail

      Advances in Diabetes, Gene Editing, and Stroke Care Unveiled

      AI Chatbots Can Be Programmed to Spread Health Misinformation

      Qantas Hit by Major Cyber Hack Affecting Millions of Customers

      Add A Comment
      Leave A Reply Cancel Reply

      Latest Posts

      From Red Corridor to Growth Corridor

      July 3, 2025

      Viral Manga Quake Rumours Dent Japan Tourism but Visitors Still Arrive

      July 3, 2025

      US Lifts Restrictions, Allowing Siemens Full China Software Operations

      July 3, 2025

      Astronomers Capture Rare Double Detonation Supernova in Stunning Detail

      July 3, 2025

      Advances in Diabetes, Gene Editing, and Stroke Care Unveiled

      July 2, 2025

      AI Chatbots Can Be Programmed to Spread Health Misinformation

      July 2, 2025

      Qantas Hit by Major Cyber Hack Affecting Millions of Customers

      July 2, 2025

      EU Set to Propose 2040 Climate Goal Allowing Use of Foreign Carbon Credits

      July 2, 2025

      Jeff Bezos-Backed Methane Satellite Lost in Space

      July 2, 2025

      Wimbledon Embraces AI Line Calling, Divides Players and Fans

      July 2, 2025

      Subscribe to News

      Get the latest sports news from NewsSite about world, sports and politics.

      • Astronomical Events
      • Space Missions
      • Industry News
      • Science
      StratNewsGlobal Tech
      Facebook X (Twitter) Instagram LinkedIn YouTube
      © 2025 StratNews Global, A unit of BharatShakti Communications LLP
      • About Us
      • Contributors
      • Copyright
      • Contact
      • Write for Us

      Type above and press Enter to search. Press Esc to cancel.