Indian software giant Zoho plans to invest $700 million to enter chip manufacturing

Zoho, a well-known Indian software company, plans to invest $700 million to enter the chip manufacturing field. Founded in 1996 and headquartered in Tamil Nadu, India, Zoho provides software and services to companies in 150 countries and regions around the world. The company is considering producing compound semiconductors and seeking incentives from the Indian government. A panel of the Indian Ministry of Electronics and Information Technology is reviewing the proposal.