India’s semiconductor push is creating fresh opportunities for companies linked to chip manufacturing, assembly and electronics production. The government is preparing a new semiconductor fund worth nearly ₹1 lakh crore to strengthen domestic chip production and reduce import dependence.
Among the key beneficiaries is CG Power and Industrial Solutions, which is building an OSAT (Outsourced Semiconductor Assembly and Test) facility with Renesas. The company is investing around ₹7,600 crore in the project and reported chip yields of 98% to 99% at its pilot plant. The larger facility is expected to be ready by December 2026.
Kaynes Technology India is expanding its semiconductor and electronics manufacturing capabilities. The company has built a strong order pipeline supported by growing demand from automotive, industrial and technology sectors, positioning it well for India’s chip manufacturing growth story.
Dixon Technologies, a leading electronics manufacturer, is also strengthening its presence in the semiconductor ecosystem through its expanding electronics manufacturing business. The company continues to benefit from rising localisation and government incentives for domestic production.
With semiconductor projects gaining pace and India targeting production of 75-80 million chips per day once planned facilities become operational, these three stocks remain closely watched by investors looking to ride the country’s long-term semiconductor opportunity.