- Zoho plans to build a Silicon Carbide semiconductor fab with a UK partner.
- Indian companies, including Zoho, are diversifying into semiconductors to reduce import dependency.
- Government subsidies and regulatory support are boosting India’s semiconductor sector.
Zoho, the Chennai-based software giant, is the latest Indian company to diversify into the semiconductor industry. Zoho plans to build a Silicon Carbide semiconductor fab, partnering with UK-based Clas-SiC Wafer Fab. This move aligns with other Indian conglomerates like Tata Group and L&T, which are also venturing into the semiconductor space to tap into the growing market.
The semiconductor industry in India is gaining traction due to increasing demand from sectors like telecommunications, automobiles, and energy. Zoho’s entry into this field aims to reduce India’s dependency on imports and promote self-sufficiency. Experts highlight that the growing domestic market and government incentives are making the semiconductor industry an attractive diversification opportunity for Indian companies.
Government subsidies and faster regulatory approvals are key factors driving interest in semiconductor manufacturing in India. The potential for the semiconductor industry is enormous, with global projections expected to reach $1 trillion by 2030. This presents a significant opportunity for Indian companies to contribute to and benefit from this booming sector.
