Best Semiconductor Stocks in India: With the massive rise in Indian electronics, EVs, 5G, AI Technology, and IoT Technology, the demand for semiconductors is rapidly increasing. India is also pushing and supporting Indian companies to become major players in chip design and manufacturing, with the Indian government also running the campaign “Make in India” and Product Linked Incentive known as the PLI scheme that boosted the semiconductor sector. If you’re looking to invest in the semiconductor sector, this article is for you… We give the top 3 semiconductor stocks in India with a detailed overview.
Semiconductor Industry in India
India’s semiconductor industry is the fastest growing sector with the help of government initiatives that increasing demand for electronic devices and global imports and exports. As per the industry report India’s semiconductor market is expected to reach around $110 billion by 2030 at a CAGR of 19% from 2024 to 2025.
Semiconductors are the heart of Indian technology that provides smart solutions for smartphones, laptops, cars, smart TVs, and more. As India strengthens its own chip manufacturing and design companies in this space is expected to grow rapidly.
The government recently announced ₹76,000 crore in incentives to boost domestic semiconductor production chipmakers and foster local manufacturing, which will help the entire sector to rise, so now this sector is generating attractive returns in uthe pcoming years..
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Top 3 Best Semiconductor Stocks in India 2025
List of top 5 Semiconductor Stocks in India –
TATA ELXSI
NSE Code: TATAELXSI
Market Capitalization – ₹ 35,900 Cr (Based on April 2025)
Key Focus Area – Design Technology Services, Product Engineering, Digital transformation and embedded system
About: India’s leading company involved in the semiconductor sector design and technology, Tata Elxsi offers embedded systems and semiconductor design services. The company provides solutions to automotive, healthcare, and communications companies with an offer of AI Technology, IoT, and the design of semiconductor equipment.
Tata Elaxi’s main focus on electric vehicles and auto tech; So the company aims to strengthen its semiconductor design capabilities.
Strengths:
- Global Tech Giants
- Strong presence in chip design and automotive electronics
- Backed by Tata Group
Tata Elaxsi is an innovation powerhouse with exposure to semiconductor design, AI, and electric vehicles.
Dixon Technologies
NSE Code: DIXON
Market Capitalization – ₹ 99,280 Cr (Based on April 2025)
Key Focus Area – Electronics Manufacturing, Consumer Electronic Appliances, Lighting and mobile devices.
About: India’s top electronics manufacturer, Dixon, is entering the semiconductor assembly and packaging segment. Dixon partner with global brands that play a crucial role in India’s electronics industry supply chain.
India’s push for the semiconductor sector, Dixon is expanding into component manufacturing. Strategic global partnerships are strengthening its capabilities, positioning it as a key player in India’s growing semiconductor industry.
Strengths:
- Strong government backing under the PLI scheme
- Partnerships with global electronics brands
Dixon is best in India’s Make-in-India success story, now entering the semiconductor chain that will help to grow their business 2-3x in the upcoming years.
MosChip Technologies Ltd
NSE Code: MOSCHIP
Market Capitalization – ₹ 2,972 Cr (Based on April 2025)
Key Focus Area – Semiconductor and system design, focusing on turnkey ASICs Technology, mixed-signal IP, Product engineering, and IoT solutions.
About: One of India’s few pure-play semiconductor and IoT companies with provides great end-to-end chip design services. It serves sectors to provide services like automotive, consumer electronics, and industrial applications.
MosChip is also developing smart meter chips under India’s Design Linked Incentive (DLI) scheme, which give massive opportunities semiconductor sector.
Future Opportunities
Indian companies are finally stepping into the semiconductor space with the grat support if Indian Government and Make In India Initiatives. While currently India still depends on imports for actual chip companies like Tata Elxsi, Dixon, Syrma SGS, MosChip, and ASM Technologies are playing key roles in design, assembly, and R&D. The Indian government launched the PLI Scheme to push indian companies.
The rising demand for EVs, Telecom, and Industrial automation ,these companies are working great,t so in upcoming years we a massive growth opportunities the above top 3 Best Semiconductor Stocks in India helps you to get better returns in future.
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