Indian software firm Zoho is reportedly planning a $700 million investment to venture into chipmaking, aiming to manufacture compound semiconductors. Seeking incentives from the government, Zoho’s proposal aligns with India’s semiconductor agenda, with a $10 billion package to boost the industry. The company, headquartered in Tamil Nadu, aims to compete with countries like Taiwan. Zoho’s move follows India’s approval of three semiconductor plants worth over $15 billion. With an estimated semiconductor market worth of $63 billion by 2026, India positions itself for semiconductor manufacturing growth.