Sridhar Vembu, Co-founder and CEO of Zoho Corp, on Wednesday said the semiconductor venture, of which it is a part, has submitted its application to the government, and that thorough evaluation on multiple facets is underway.

Zoho CEO Sridhar Vembu clarified that the company is merely an investor in Silectric Semiconductor, which aims to produce semiconductors for power electronics. The application is under government review.

The government is "energised" about India's semiconductor push, he said but noted government will do a detailed evaluation of the technology involved, and viability of the technology, and other nuances.

Zoho Corp has categorically denied media reports suggesting the company is planning a significant investment of ₹3,000 crore in a semiconductor venture based in Odisha. What Happened: Sridhar Vembu, CEO of Zoho said in an X post (formerly known as Twitter) that the rumours and speculation on the company’s semiconductor investment is inaccurate and the proposal is still pending.

Zoho Corporation CEO Sridhar Vembu on Friday (20 September) has denied media reports about the company's semiconductor investment in Odisha. "I do not like to comment on rumors and speculation but today's news item on our semiconductor investment is inaccurate,

Zoho CEO Sridhar Vembu’s remark came after Hindu BusinessLine reported that Silectric Semiconductor Manufacturing Pvt Ltd, a company formed by the directors of Zoho in March 2024, plans to establish a

The company - Silectric Semiconductor Manufacturing Pvt Ltd - formed by the directors of Zoho in March 2024, plans to establish a silicone carbide manufacturing unit in Khurdha district in Odisha at a cost of ₹3,