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Zoho halts $700 mn chip plan, hits India’s semi aspirations

Inshorts · 9m ago

Zoho halts $700 mn chip plan, hits India’s semi aspirations

Zoho Corporation has paused its $700 million semiconductor project due to the lack of a suitable tech partner, stalling India’s chip manufacturing goals. The Karnataka-based unit was expected to create 460 jobs. CEO Sridhar Vembu emphasized the need for technological self-reliance. Zoho now refocuses on software, while the government continues semiconductor investment efforts.

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Zoho Eyes Semiconductor Foray, Plans $700 Mn Investment To Set Up Chip Fabrication Unit

Inc42 · 1y ago

Zoho Eyes Semiconductor Foray, Plans $700 Mn Investment To Set Up Chip Fabrication Unit

SaaS giant Zoho is reportedly seeking approval from the Indian government to set up a chip fabrication plant and enter the semiconductor space. The company has proposed a $700 million investment plan and plans to manufacture compound semiconductors, which have specialized commercial applications. Zoho has already identified a tech partner for the project and is awaiting review from the IT ministry. This move aligns with the Indian government's efforts to promote semiconductor manufacturing in the country, with expectations that India's semiconductor industry will exceed $150 billion by 2030.

Zoho suspends $700-mn chipmaking plan in latest setback for India

VCCircle

VCCircle · 10m ago

Zoho suspends $700-mn chipmaking plan in latest setback for India

Zoho has suspended its $700-million chip manufacturing plans due to difficulties in finding a suitable technology partner for the complex process, marking a setback for India's semiconductor ambitions. This follows billionaire Gautam Adani's group pausing its $10 billion chip project with Tower Semiconductor. Zoho's founder, Sridhar Vembu, had envisioned a $400-million investment in Karnataka to diversify operations. The suspension poses challenges to India's goal of becoming a global chip manufacturing hub.

iVP Semi Bags $5 Mn To Set Up A Fabless Chip Company In India

YourStory

YourStory · 1y ago

iVP Semi Bags $5 Mn To Set Up A Fabless Chip Company In India

Raja Manickam has launched iVP Semi, a semiconductor startup focused on enabling Indian system companies through localized chip production. With $5 million in pre-Series A funding, iVP Semi plans to establish chip design centers in Chennai and Bengaluru and license product IP from Taiwan, Japan, and the US. The company will perform chip and module testing internally and is working with the Tamil Nadu government to set up a production test facility in Chennai. iVP Semi aims to primarily serve the local renewables, EV, and automotive industries.

Once India's chip ambition got burnt. Now it's being revived

Economic Times

Economic Times · 6m ago

Once India's chip ambition got burnt. Now it's being revived

Prime Minister Narendra Modi reiterated India’s commitment to semiconductor manufacturing during his Independence Day speech, highlighting a historic lack of progress in the sector despite early potential. India is now advancing its chip production with several new semiconductor projects and a $10 billion incentive package. The Semi-Conductor Laboratory (SCL) in Mohali, which once spearheaded the country's chip ambitions, now focuses on defense and space sectors. The government aims to modernize SCL and boost India’s industry competitiveness.

ISS leak halts Axiom-4, Musk wants station de-orbited: Now here's what ISRO is doing about Shubhanshu Shukla’s mission

Economic Times

Economic Times · 8m ago

ISS leak halts Axiom-4, Musk wants station de-orbited: Now here's what ISRO is doing about Shubhanshu Shukla’s mission

The Indian Space Research Organisation (ISRO) prioritizes astronaut safety amidst a leak on the International Space Station (ISS). Elon Musk, highlighting the ISS's aging, suggests de-orbiting it within two years, although NASA plans retirement by 2031. The Axiom-4 mission, involving Indian astronaut Shubhanshu Shukla, is delayed due to technical issues, impacting India’s human spaceflight aspirations. ISRO collaborates with Axiom Space, NASA, and SpaceX on resolving the current challenges, underscoring safety and mission integrity.

Arattai hits 7.5 million downloads as Zoho-backed messaging platform trends on social media, app charts - The Economic Times

Economic Times

Economic Times · 4m ago

Arattai hits 7.5 million downloads as Zoho-backed messaging platform trends on social media, app charts - The Economic Times

Zoho-backed messaging platform Arattai reached 7.5 million downloads as government officials encouraged its adoption amidst India’s push for self-reliance in technology. Supported by ministers and social endorsements, Arattai has become a promising alternative to WhatsApp. Analysts see this as part of a broader trend towards indigenous tech solutions, especially with rising focus on cybersecurity and AI. The platform's growth reflects India’s aspiration for digital sovereignty amidst competition with global tech giants.

Zoho’s Sridhar Vembu backs Yali Aerospace

Entrackr

Entrackr · 1y ago

Zoho’s Sridhar Vembu backs Yali Aerospace

Sridhar Vembu, co-founder and CEO of SaaS firm Zoho, has invested in drone startup Yali Aerospace. Founded in 2022 by Dinesh, Anugraha and Mathuravani, Yali’s drones offer easy-to-use technology for civil and military purposes. The Thanjavur-based firm specialises in providing drone solutions for medical, surveillance, and logistics globally. Some of its applications include solutions for precision agriculture, infrastructure inspection, and disaster response. Its range includes 100 kilometer with a payload of 9 kilogram and 50 kilometer with 10.5 kilogram. According to the company’s website, Yali can deliver medical commodities to any destination in India in less than 20 minutes through the Yali Network Bridge. Earlier this month, media reported that Vembu is all set to enter the chip making business, with an investment plan of around $700 million.

Ola partners with Lenovo to develop Krutrim 3, build India's largest supercomputer

Economic Times

Economic Times · 12m ago

Ola partners with Lenovo to develop Krutrim 3, build India's largest supercomputer

Ola’s AI venture, Krutrim, is collaborating with Lenovo to develop Krutrim 3, a 700-billion-parameter large language model and build India’s largest supercomputer. Supported by a Rs 2,000 crore investment, potentially rising to Rs 10,000 crore, Ola aims to advance India’s AI capabilities. The initiative addresses the lack of local hyperscale infrastructure and sovereign cloud. Krutrim also plans to introduce its first AI chip in 2026, aiming to enhance national AI sovereignty and infrastructure.

Startup news and updates: Daily roundup (February 28, 2025)

YourStory

YourStory · 1y ago

Startup news and updates: Daily roundup (February 28, 2025)

The Indian textile industry, the country's second-largest employment provider, is poised for growth as companies diversify from China and Bangladesh. This potential is supported by a strong MSME ecosystem and government PLI schemes. Meanwhile, startups continue to shape India’s entrepreneurial landscape, with support from semi-retired business leaders and investors. In tech, AWS launched its first quantum computing chip, Ocelot, promising significant cost reductions in quantum error correction, marking a step toward advanced scientific computing solutions.

Peak XV leads $2.5 Mn round in Companion Labs

Entrackr

Entrackr · 1d ago

Peak XV leads $2.5 Mn round in Companion Labs

Companion Labs, a consumer AI company building interactive, entertainment-led experiences for India’s vernacular and culturally diverse audiences, has raised $2.5 million in a seed funding round led by Peak XV’s Surge, along with participation from All In Capital, UntitledVC, DeVC, and other angel investors. The proceeds will be utilized to accelerate product development, invest in AI capabilities, and continue refining its product as it works toward product-market fit. Co-founded in early 2025 by Akshay Jhanwar and Ajit Pol, Companion Labs uses AI-powered characters and narratives to let users explore alternate lives, careers, and aspirations in deeply local contexts. The Bengaluru-based startup operates at the intersection of AI and entertainment, creating immersive, character-driven experiences that allow users to explore alternate lives, careers, and aspirations through AI-powered narratives. According to Companion Labs, it is building from the ground up for India, with experiences designed to reflect the linguistic, cultural, and social nuances of Tier 2, Tier 3, and Tier 4 audiences. The startup is focused on vernacular languages including Tamil, Telugu, Gujarati, Punjabi, Marathi, and Bengali, targeting a young, aspirational, and digitally native population. Over the long term, the company aims to define a new category of AI-native entertainment built specifically for India’s vernacular internet users.

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