Not ready to announce: Vembu on Zoho's entry into chipmaking

Chennai-based SaaS giant Zoho's CEO, Sridhar Vembu, stated that the company is not yet ready to announce anything regarding the semiconductors. In response to a Reuters report suggesting that Zoho is considering a $700 million investment to set up a chip manufacturing and design plant, Vembu said, "We are not ready to announce anything yet."