Akshata Sharma
Share
CEO Sridhar Vembu stated they await government clearance and will announce formally once approved.
The project aims to manufacture Silicon Carbide (SiC) chips in Tamil Nadu, licensing technology from Scotland's Clas-SiC.
Zoho is the third company to apply for such a license in India.
Government Support:
The Indian government offers subsidies for compound semiconductor fabs, covering 50% of capital expenditure if applicants meet specific criteria.
This support is part of a broader program to develop India's semiconductor and display manufacturing ecosystem.
Silicon carbide chips are crucial for electric vehicles (EVs).
Zoho's initiatives align with India's push for advanced technology and manufacturing capabilities.
Zoho's CRM Revamp:
Alongside its semiconductor plans, Zoho announced updates to its CRM software, Zoho CRM, in response to slower growth in the US market.
The updates feature Al-powered analytics and support for open-source Al models.
Despite global CRM market growth, Zoho aims to compete with giants like Salesforce and Microsoft.
Data Security:
Zoho integrates Al tools contextually rather than broadly, focusing on data security.
Clients can integrate open-source Al models and build custom generative Al solutions.
Zoho emphasises customer data privacy, using it solely for client purposes without monetisation.
The company is also developing Al security models, with around 1,000 employees working on this feature, ensuring robust data protection for its clients.
--Advertisement--
