Jackpot for THESE 5 companies as India set to become Semiconductor Powerhouse, Modi government plans to attract…, domestic players to…

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IZMO is known for interactive marketing and visualization technology in the automotive sector. Over the years, it has also made inroads into semiconductor packaging.

(Representational image: www.freepik.com)

New Delhi: The Narendra Modi government is planning to capture a 5 percent share in global chip production by 2024 under ‘Semicon 2.0’. In 2021, India announced a USD 10 billion (approximately ₹83,000 crore) incentive package to develop its semiconductor ecosystem. Now, the funds have begun to be allocated, and five projects related to chip fabrication, OSAT, and ATMP have been approved under this scheme.

5 Companies Likely to Benefit the Most

The main motive of the Indian government is not only to attract global chip companies but also to boost domestic players. If the government manages to implement the plan accordingly, major investment opportunities could open up in India’s semiconductor value chain.

Here are five stocks that could benefit from this transformation:

1. IZMO

IZMO is known for interactive marketing and visualization technology in the automotive sector. Over the years, it has also made inroads into semiconductor packaging.

2. MosChip Technologies

MosChip is a key player in India’s semiconductor design ecosystem.

3. Cyient

With over 30 years of experience in engineering and technology solutions, Cyient is now emphasizing semiconductor design.

4. HCL Technologies

One of India’s top IT companies, HCL Technologies is now expanding into semiconductor design and testing.

5. Tata Electronics (Unlisted)

This Tata Group company is building India’s first commercial semiconductor fabrication plant in Dholera, Gujarat.

These companies, both listed and unlisted, are well-positioned to gain from India’s ambitious semiconductor roadmap.

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