Semiconductors are also used in air conditioners, LEDs, and various digital consumer products to enhance their functionality and performance. The widespread use of semiconductors in daily life underscores their importance in enabling and enhancing modern technology and convenience.
According to inc42, India’s semiconductor industry is growing rapidly, driven by government support and increasing demand. The Indian semiconductor industry is projected to achieve a market value of 55 Billion dollars by 2026 with over 60 percent of the market driven by smartphones and wearables, automotive components, as well as the computing and data storage sectors.
The government has introduced supportive policies for the semiconductor sector, including a $10 billion incentive plan.
The Indian electronics and semiconductors market is projected to grow rapidly, with a compound annual growth rate (CAGR) of 25 percent through 2028.
According to Spherical Insights, The market is expected to reach USD 271.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 25.7 percent between 2022 and 2032.
According to KPMG research projections, the rapidly expanding demand for chips and sensors in the automotive semiconductor industry is expected to represent a $250 billion market by 2040.
Here are some semiconductor companies.
Tata Elxsi Ltd.
Tata Elxsi is a global leader in design and technology services for the automotive, media, and communications industries, as well as healthcare.
Tata Elxsi, a leading Indian semiconductor services provider, has partnered with Renesas Electronics Corporation, a leading supplier of advanced semiconductor solutions, to establish a cutting-edge design center in Bangalore.
Tata Elxsi’s semiconductor services are focused on SDK and reference design solutions, AI tools and frameworks, multimedia reference frameworks, and FPGA design and development.
On Wednesday, the share price of the company closed 0.18 percent down at Rs 8,350.70 from its previous close of Rs 8,365.45. The company share rose by 7 percent in six months and 32 percent in the year to date.
Dixon Technologies (India) Ltd.
Dixon Technologies (India) Limited is India’s largest homegrown design-focused solutions company, producing 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 invested in its subsidiary, Padget Electronics, which recently opened a large smartphone factory in northern India and began producing Xiaomi smartphones.
On Friday, the share price of Dixon Technologies closed 0.25 percent down Rs 5,970 from its previous close of Rs 5,988.35. The company share rose by 46 percent in six months and 53 percent in the year to date.
Moschip Technologies Ltd.
Moschip Technologies Ltd is a semiconductor and system design company that specializes in Turnkey ASICs, Mixed Signal IP, semiconductor and product engineering, and IoT solutions for the aerospace and defense, consumer electronics, automotive, medical, networking, and telecommunications industries.
On Friday, the share price of Moschip Technologies Limited closed 2.7 percent up at Rs 91.66 from its previous close of Rs 89.24. The company share rose by 36 percent in six months and 36 percent in the year to date.
RIR Power Electronics Ltd.
RIR Power Electronics is involved in the manufacturing of a wide range 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 more.
On November 1st,2023, RIR Power Electronics Ltd invested 510.80 crore in the establishment of a manufacturing fabrication and packaging facility for SiC devices at Info Valley, Khurda.
On Wednesday, the share price of RIR Power Electronics Ltd closed 2.8 percent down at Rs 891.90 from its previous close of Rs 878. The company share rose by 113 percent in six months and 126 percent in a year.
ASM Technologies Ltd
ASM Technologies Ltd is a leading provider of technology engineering services, specializing in engineering, prototyping, software, NPI, NPD, and limited volume production for semiconductor and electronics companies worldwide.
On Wednesday, the share price of ASM Technologies Ltd closed 1.4 percent down at Rs 481 from its previous close of Rs 448.95. The company share rose by 18 percent in six months.
Written by Sriram KV
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