Zoho shelves Rs 3.5k crore semiconductor project; Adani too said to be on pause mode

Thursday, 1 May 2025
Adani Group and Zoho Corp are reportedly backing away from their semiconductor projects, dealing a blow to India's ambition to establish a domestic chip manufacturing ecosystem. Zoho cited a lack of confidence in the technology path, while Adani expressed concerns about weak demand and limited financial commitment from its partner.

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