India set to rule semiconductor sector as Modi govt..., companies to benefit most include..., not Mukesh Ambani's Reliance, Narayana Murthy's Infosys
New Delhi: India's semiconductor dream is now entering a new phase. The government has strengthened its goals under 'SemiCon 2.0′, aiming to achieve a 5% share in global chip production by 2030. In 2021, India announced an incentive package of $10 billion (approximately Rs 83,000 crore) to develop its semiconductor ecosystem. This fund has begun to be allocated, and five projects related to chip fabrication, OSAT, and ATMP have been approved under this scheme.
The government's goal is to attract global chip companies while also promoting domestic players. If everything goes according to plan, significant opportunities could open up for investors in India's semiconductor value chain.
1. IZMO is known for interactive marketing and visualization technology in the automotive sector, but it is now also making its mark in semiconductor packaging. IZMO's subsidiary, Izmo Microsystems, provides 3D packaging and System-in-Package (SiP) solutions. Its 10+ global clients include the automotive, aerospace, and renewable energy sectors. The company is investing in semiconductor packaging. IZMO is also working on new products like AI, EV software, and virtual retailing.
2. MosChip Technologies is an important part of India's semiconductor design ecosystem. With over 20 years of experience, it specializes in ASIC, SoC, and VLSI design. It is taking advantage of the government's Design Linked Incentive (DLI) scheme. In July 2024, an order worth Rs 50,000 crore was received from C-DAC to design an HPC chip based on 5-nanometer technology. In October 2024, it joined Renesas' AI/ML design partner network. It is focusing on RISC-V architecture and HPC processor development.
3. Cyient, with over 30 years of experience in engineering and technology solutions, is now focusing on semiconductor design. Its new subsidiary, Cyient Semiconductors, is working on chip design and ASIC development. It works with 300+ global clients. In FY25, DET business revenue was $688 million.
4. HCL Technologies, one of India's top IT companies, is now venturing into semiconductor design and testing. It recorded a growth of 5.5% in the ER&D (Engineering Research and Development) segment in FY25. Partnerships with companies like NVIDIA and Google. The company's revenue in FY25 was 13.84 billion dollars.
5. Tata Electronics, a Tata Group company, is constructing India's first commercial semiconductor fabrication plant (Dholera, Gujarat). This 91,000 crore rupee project will produce 50,000 wafers per month. Focus on OSAT (Assembly, Testing) and foundry services. Plans for expansion with global partnerships.
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