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India Semiconductor Mission — Tata ISMC Micron CG Power

India's India Semiconductor Mission (ISM) has approved ₹76,000+ Crore in investments. Tata Electronics' fab in Dholera, Micron's OSAT unit in Gujarat, CG Power's chip assembly in Sanand, and Tower Semiconductor's tie-up with Adani are creating India's first semiconductor ecosystem.

ISM Approved Investment₹76,000 Cr+
Micron OSAT India$825M
Tata Fab Investment₹91,000 Cr
First Chip Timeline2026

Stocks in this theme · India electronics & semiconductor

7 companies in this theme — showing top 7 by market cap.

SymbolCompanyPriceMkt CapROEP/E
HCLTECHHCL Technologies Ltd₹1,237.3₹3,38,489 Cr40.6%18.60
CGPOWERCG Power & Industrial Solutions Ltd₹912.85₹1,41,279 Cr21.6%106.00
DIXONDixon Technologies (India) Ltd₹13,882₹84,455 Cr28.0%111.00
AMBERAmber Enterprises India₹7,469.95₹26,298 Cr
KAYNESKaynes Technology India₹3,253.35₹21,687 Cr
TATAELXSITata Elxsi₹3,405.1₹21,174 Cr
MOSCHIPMosChip Technologies₹243.5₹4,735 Cr

Research Coverage

  • CG Power, Tata Elxsi, and Dixon: listed semiconductor beneficiaries
  • Semi equipment supply chain: who supplies India's fabs?
  • Chip packaging vs chip design vs wafer fab: where India is positioned
  • EMS companies: Dixon, Kaynes, Amber Enterprises as assembly plays

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Frequently Asked Questions

Will India become a major chip manufacturer?

India is starting with OSAT (packaging/testing), moving to foundry. Full leading-edge chip manufacturing (like TSMC) is a 10–15 year journey requiring massive talent and supply chain development.

Which listed stocks benefit from India's semiconductor mission?

CG Power (chip assembly with Renesas), Dixon Technologies (EMS), Kaynes Technology, Tata Elxsi (design services), and Cyient (chip design).