Zoho cries poor over AI costs, then applies to build $200M semiconductor fab
kingslyj · x · 2026-10-22
Earlier this month, Zoho founder Vembu blamed rising AI/RAM costs for being unable to raise engineer salaries—many of whom earn under $500 a month. Yet per @sahilkr, Zoho has now applied for a license to build a semiconductor fabrication plant in India with an initial investment of $200 million. The poster calls out the contradiction: no money for raises, but $200M for a fab.
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