India is ramping up its efforts to become a semiconductor manufacturing hub. The government plans to revamp its incentives scheme, increasing the budget from Rs 3200 crore to Rs 10,000 crore and streamlining the disbursement process.
This new plan, launching next fiscal year, aims to attract companies by offering upfront or milestone-based funding instead of the current post-completion reimbursement model.
This initiative reflects India’s growing ambition and commitment to establishing itself as a major player in the global semiconductor industry.
Here are some semiconductor companies that may benefit from this news.
Tata Elxsi Ltd.
Tata Elxsi is a world leader in design and technology services for the automotive, media communications, and healthcare industries.
Tata Elxsi, a leading Indian semiconductor services provider, has collaborated with Renesas Electronics Corporation, a leading supplier of advanced semiconductor solutions, to establish a cutting-edge design center in Bangalore.
The semiconductor services offered by Tata Elxsi are focused on SDK and reference design solutions, AI tools and frameworks, multimedia reference frameworks, and FPGA design and development.
On Tuesday, the share price of the company opened 0.1 percent up at Rs 9,099 from its previous close of Rs 9,087. The company share rose by 16 percent in six months and 42 percent in the year to date.
Dixon Technologies (India) Ltd.
Dixon Technologies (India) Limited is the country’s largest design-focused solutions company, manufacturing consumer durables, lighting, mobile phones, and smartphones.
Dixon’s involvement in the semiconductor industry, the company’s diverse portfolio includes manufacturing and design-focused solutions in consumer durables, home appliances, lighting, mobile phones, security devices, set-top boxes, wearables, and medical equipment.
Dixon Technologies recently made an investment in its subsidiary, Padget Electronics, which has recently opened a large smartphone factory in northern India and has begun producing Xiaomi smartphones.
On Tuesday, the share price of Dixon Technologies opened 1 percent up Rs 6,334.30 from its previous close of Rs 6271.55. The company share rose by 36 percent in six months and 63 percent in the year to date.
Moschip Technologies Ltd.
Moschip Technologies Ltd. is an Indian semiconductor and system design services firm headquartered in Hyderabad. They have been in business for over 20 years and employ over 1300 engineers in Silicon Valley, Hyderabad, and Bengaluru.
Moschip Technologies Ltd is a semiconductor and system design firm specializing in Turnkey ASICs, Mixed Signal IP, semiconductor and product engineering, and Internet of Things (IoT) solutions for the aerospace and defense, consumer electronics, automotive, medical, networking, and telecommunications industries.
On Tuesday, the share price of Moschip Technologies Limited opened 1 percent up at Rs 99.49 from its previous close of Rs 98.55. The company share rose by 23 percent in six months and 50 percent in the year to date.
RIR Power Electronics Ltd.
RIR Power Electronics manufactures a variety of semiconductor devices, including phase control thyristors, inverter-grade thyristors, standard recovery diodes, fast recovery diodes, high-voltage modules, diode bridge rectifiers, diode bridge modules, insulated-gate bipolar transistor (IGBT) modules, power modules, and others.
RIR Power Electronics Ltd invested 510.80 crore on November 1st, 2023 in the establishment of a manufacturing fabrication and packaging facility for SiC devices at Info Valley, Khurda.
On Tuesday, the share price of RIR Power Electronics Ltd opened 2.3 percent up at Rs 799 from its previous close of Rs 780.65. The company share rose by 56 percent in six months and 109 percent in a year.
ASM Technologies Ltd
ASM Technologies Ltd is a leading provider of technology engineering services for semiconductor and electronics companies worldwide, specializing in engineering, prototyping, software, NPI, NPD, and limited volume production.
Though not a chipmaker, ASM fuels India’s semiconductor dreams through two key roles: equipment expertise with over 20 years of experience, and helping set up fabrication facilities and vital equipment. Think of them as the skilled architects and builders of the machines that churn out modern chips.
On Tuesday, the share price of ASM Technologies Ltd opened 1.5 percent up at Rs 489.85 from its previous close of Rs 482.40. The company share rose by 2.3 percent in six months.
Written by Sriram KV
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