India’s Semiconductor 2.0 Mission is the government’s latest push to make the country a global chip manufacturing and design leader. With Semicon 2.0, India aims to capture 5 percent of the global semiconductor market by 2030. After announcing a $10 billion incentive package in 2021 to build the country’s semiconductor ecosystem, the government is now actively releasing these funds.
Six major projects covering chip fabrication, assembly, and testing have been approved to attract global players and support local companies. This new phase is expected to create significant opportunities for investors and help India become a key player in the global chip industry. Stocks involved in chip design, manufacturing, and related technologies are expected to benefit the most from this initiative.
Here are stocks likely to benefit from this:
1. IZMO Ltd
IZMO Ltd, through its subsidiary IZMO Microsystems, has made significant strides in the semiconductor sector, focusing on advanced System-in-Package (SiP) solutions for semiconductor and photonic applications. The company operates a state-of-the-art SiP manufacturing facility in Bangalore, equipped with a Class 1000 clean room, 3D die stacking, and fine-pitch wire bonding capabilities.
2. MosChip Technologies Ltd
MosChip Technologies Ltd is an Indian semiconductor and system design services company with a strong legacy in chip design, embedded systems, and product engineering. The company provides end-to-end semiconductor solutions, including ASIC/SoC design, verification, physical design, analog/mixed-signal design, and embedded software development. MosChip serves a diverse clientele across automotive, industrial, consumer electronics, networking, and healthcare sectors.
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3. Sasken Technologies Ltd
Sasken Technologies Ltd is a Bengaluru-based multinational technology company specializing in product engineering and digital transformation services for global clients, with a strong presence in the semiconductor industry. Sasken provides end-to-end semiconductor technology solutions, including embedded system design, platform and application software development, and firmware engineering, supporting the entire lifecycle of semiconductor products.
4. CG Power & Industrial Solutions Ltd
CG Power & Industrial Solutions Ltd, traditionally known for its leadership in power transmission, distribution, and industrial electrical equipment, has recently entered the semiconductor sector as part of India’s push for self-reliance in chip manufacturing. The company, backed by the Murugappa Group, is leveraging its engineering expertise and manufacturing capabilities to diversify into semiconductor fabrication and assembly.
5. Kaynes Technology India Ltd
Kaynes Technology India Ltd is a leading end-to-end electronics design and manufacturing services (EMS) company, serving industries such as automotive, industrial, aerospace, defense, medical, railways, and IoT. The company has made a significant foray into the semiconductor sector through its wholly owned subsidiary, Kaynes Semicon Pvt Ltd, focusing on Outsourced Semiconductor Assembly and Testing (OSAT) and advanced chip packaging.
Written By Sridhar J
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