Indian software firm Zoho plans $700m foray into chipmaking

Indian software firm Zoho plans $700m foray into chipmaking

FILE PHOTO: The logo of Indian multinational technology company Zoho is displayed at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Picture taken June 23, 2022. REUTERS/Chris Helgren/File Photo

Indian software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investment plan at $700 million.