'We did not have confidence': Zoho founder as company shelves $700 mn chip plan
Zoho has halted its $700 million investment in chip manufacturing due to a lack of confidence in available technology. The company, which intended to invest $400 million in a Karnataka-based semiconductor facility, decided to shelve the plan until a more promising technological approach emerges. This decision follows concerns about securing taxpayer money without certainty in the tech.
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