New Delhi: Cloud software major Zoho’s Founder and CEO Sridhar Vembu on Friday said the company is not ready to announce anything yet regarding investments in a semiconductor fabrication unit. Reacting to reports that Zoho is geared up to pump millions of dollars into a chip manufacturing/design plant, the company CEO said: “We are not ready to announce anything yet.”

“All I can say right now is that this technology is vital for our nation and we need companies to step up and make the investment. The government is very supportive and now is the time,” Vembu posted on X social media platform.