Zoho suspends $700 million chipmaking plan in latest setback for India, sources say

Indian software firm Zoho has paused its $700 million chip manufacturing plan. The company struggled to find a technology partner for the complex processes. This is a setback for India’s ambition to become a global chip hub. Billionaire Gautam Adani’s group has also paused chip project discussions. Zoho planned a $400 million facility in Karnataka.

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