In keeping with trade projections, the Indian semiconductor market was valued at ~$38 billion in 2023 and is estimated to develop to round $45–50 billion throughout 2024-2025. By 2030, it’s anticipated to develop considerably, reaching between $100 and $110 billion. Whereas world demand for semiconductors continues to surge, the availability chain stays susceptible as a result of its heavy reliance on just a few geographic areas. This has highlighted the pressing want for a extra geographically diversified manufacturing base.
Strategic initiatives reminiscent of recognising Electronics System Design and Manufacturing (ESDM) as a core sector beneath the Make in India scheme, together with the launch of the India Semiconductor Mission and the Semicon India program, have performed an important function in constructing a supportive ecosystem for the semiconductor trade. With the worldwide semiconductor market projected to hit $1 trillion by 2030, India is predicted to contribute considerably to this development.
India has the potential to contribute to the three key segments of the semiconductor manufacturing provide chain: tools, supplies, and providers. The nation’s community of MSMEs can help the manufacturing of parts utilized in semiconductor tools. India additionally has entry to varied chemical substances, minerals, and industrial gases which might be related to the availability chain. Within the providers section, India gives capabilities in R&D providers, logistics, and expert professionals in areas reminiscent of AI, large knowledge, cloud computing, and IoT.
In Could 2025, the Union Minister for Electronics & IT, Railways, and Data & Broadcasting, Shri Ashwini Vaishnaw, inaugurated two semiconductor design amenities situated in Noida and Bengaluru. These centres are centered on designing 3-nanometer chips, which provides to the progress India has made in chip design.
The Minister famous that India had beforehand achieved design capabilities on the 7nm and 5nm ranges, and the transfer to 3nm represents a continuation of that progress in semiconductor expertise.
Listed here are just a few semiconductor shares in focus as sector to develop over 2x to Rs. 9.6 lakh crore by 2030:
With a market cap of Rs. 3,153 crores, the inventory moved up by almost 1 p.c on BSE, rising to Rs. 1,859 on Friday. Hind Rectifiers Restricted is principally engaged within the enterprise of creating, designing, manufacturing and advertising and marketing a variety of energy electronics tools, together with energy converters, management electronics, transformers, rectifiers, inverters, motors, and HVAC programs. As per the shareholding sample of June 2025, the ace investor Mukul Mahavir Agrawal holds a 1.46 p.c stake in Hind Rectifiers.
With a market cap of Rs. 1,774 crores, the inventory hit a 5 p.c higher circuit on BSE at Rs. 231.2 on Friday. On fifth June, the corporate introduced profitable manufacturing growth and cargo of producing of 1200V Silicon Carbide (SiC) Diodes in collaboration with Professional Asia Semiconductor Company, Taiwan.
RIR Energy Electronics Restricted is engaged within the manufacturing of semiconductor gadgets like diodes, thyristors, energy modules, bridge rectifiers and excessive energy tools like excessive present rectifiers, battery chargers, rectifier panels, excessive energy stacks and meeting.
Its merchandise are used for industrial functions in various sectors reminiscent of railways, induction furnaces, electrical energy and energy era, engineering, water remedy, metals, defence, vehicles, oil and fuel crops, welding tools, aviation, and extra.
The corporate is India’s solely producer of silicon-based energy semiconductor gadgets. The corporate is a pioneer in energy electronics innovation with a totally built-in manufacturing facility in Halol, Gujarat and is presently establishing India’s first silicon carbide fabrication plant in Odisha.
With a market cap of Rs. 38,893 crores, the inventory moved down by almost 5 p.c on BSE, falling to Rs. 5,791 on Friday. Kaynes Know-how India Restricted is a number one end-to-end and IoT options supplier enabling electronics manufacturing gamers, with capabilities throughout all the spectrum of Electronics System and Design Manufacturing (ESDM) corporations.
The corporate supplies conceptual design, course of engineering, built-in manufacturing, and life-cycle help for main gamers within the automotive, industrial, aerospace and defence, nuclear, medical, railways, Web of Issues (IoT), Data Know-how (IT) and different segments.
As of This autumn FY25, the overall capex deliberate for the semiconductor enterprise is ~Rs. 3,400 crore, whereas round Rs. 1,400 crore is allotted for the printed circuit board (PCB) section.
In 2023, the corporate established Kaynes Semicon Non-public Restricted, one of many main semiconductor producers in India. It’s engaged in superior product choices reminiscent of FCBGA, SiP, chiplets, MCM, and Silicon photonics, aimed toward assembly the various wants of trade in North America, Europe, APAC, and different world markets.
With a market cap of Rs. 1.04 lakh crores, the inventory moved down by almost 2 percet on BSE, falling to Rs. 665.05 on Friday. As a part of its strategic diversification, CG entered the semiconductor manufacturing sector in FY24. In the course of the yr, CG signed a JV Settlement with Renesas Electronics Company, a premier provider of superior semiconductor options, and Stars Microelectronics (Thailand) Public Co. Ltd, an OSAT (Outsourced Semiconductor Meeting and Take a look at) supplier primarily based in Thailand. The settlement goals to ascertain a JV to construct and function an OSAT facility in India.
The JV, CG Semi Non-public Restricted, deliberate to arrange the OSAT facility in Sanand, Gujarat, on round 28 acres of land, with a complete funding estimated at Rs. 7,600 crore over 5 years.
The power is deliberate to provide a variety of semiconductor packaging options – from legacy packages like QFN and QFP to superior varieties reminiscent of FC BGA and FC CSP, meant to serve sectors together with automotive, client electronics, industrial functions, and 5G, with the capability to scale as much as 1.5 crore models per day. CG Energy and Industrial Options Restricted operates throughout two key enterprise segments: Industrial Programs and Energy Programs.
The corporate manufactures a variety of merchandise, together with traction motors, propulsion programs, and signalling relays for Indian Railways, together with induction motors, drives, transformers, switchgears, and different associated merchandise for the economic and energy sectors.
Written by Shivani Singh
Disclaimer
The views and funding suggestions expressed by funding specialists/broking homes/ranking companies on tradebrains.in are their very own, and never that of the web site or its administration. Investing in equities poses a threat of monetary losses. Traders should due to this fact train due warning whereas investing or buying and selling in shares. Commerce Brains Applied sciences Non-public Restricted or the creator aren’t answerable for any losses brought on because of the choice primarily based on this text. Please seek the advice of your funding advisor earlier than investing.
