Semiconductors are essential in our modern world. These tiny chips help power everything from smartphones to medical devices. Made mostly from silicon, semiconductors have unique properties that sit between insulators and conductors. They conduct electricity better than materials like glass, but not as efficiently as metals like copper.
In India, there is a growing demand for semiconductors. This demand is expected to rise, possibly reaching $80 billion by 2026 and $110 billion by 2030. Still, India relies heavily on semiconductor imports from countries like Taiwan, China, and Korea. The government is now working hard to make India a significant player in the global semiconductor market.
Here’s a quick look at some top semiconductor stocks in India as of February 28, 2025:
Company | Market Cap (in Rs) |
---|---|
Larsen & Toubro Limited | 4,35,930.48 |
HCL Technologies Limited | 4,27,863.58 |
Bharat Electronics Limited (BEL) | 1,80,734.28 |
Vedanta Limited | 1,54,343.02 |
CG Power and Industrial Solutions Ltd | 87,344.31 |
Dixon Technologies (India) Limited | 84,110.92 |
Hitachi Energy India Ltd. | 47,721.77 |
Tata Elxsi Limited | 33,726.57 |
Kaynes Technology India Ltd | 26,663.69 |
Moschip Technologies Ltd | 2,971.27 |
ASM Technologies | 1,389.07 |
MIC Electronics Ltd | 1,355.21 |
RIR Power Electronics Ltd | 1,317.04 |
Solex Energy Ltd | 816.99 |
SPEL Semiconductor Limited | 523.43 |
Surana Telecom and Power Ltd | 243.01 |
Semiconductors are made from materials like silicon, germanium, and gallium arsenide. Silicon is most popular because it’s plentiful and easy to make. Gallium arsenide is faster but harder to produce due to harmful chemicals involved. New materials like gallium nitride and graphene show promise for the future.
India’s semiconductor industry has come a long way since the 1980s, when the Semiconductor Complex Limited was set up. The recent global chip shortage, driven by the COVID-19 pandemic, has pushed countries to strengthen their domestic semiconductor production. India aims for self-reliance and is attracting global leaders to invest in local production.
For instance, Micron Technology plans to invest in a $2.75 billion manufacturing facility in Gujarat. The first “Made in India” chip may hit the market as early as December 2024. With such investments, India’s electronic and semiconductor market is expected to grow significantly in the coming years, driven by the rise of the Internet of Things and demand for smaller devices.
The Indian government is also backing the semiconductor industry through initiatives like the National Policy on Electronics and Production-Linked Incentive schemes. These policies aim to make India a major player in electronics manufacturing by boosting investment and innovation. The future looks bright for semiconductors in India, with new opportunities and partnerships on the horizon.