As an investor, are you curious about where the next wave of tech growth might come from? India is strengthening its tech manufacturing sector, and the semiconductor industry promises lucrative returns. Semiconductors are tiny chips powering everything from smartphones to electric vehicles. With digitization, they have become essential in our daily lives as well as in the economy of India.
As India accelerates its domestic semiconductor production to reduce imports, investors are exploring the potential in this sector. In this blog, we have curated the top semiconductor stocks for you to buy.
Table of Contents
6 Semi-Conductor Stocks Investors Should Buy
Check out the best semiconductor stocks to watch in 2025.
1. Bharat Electronics
BEL has a strong foothold in the defense sector in India. It supplies advanced technology and electronics solutions and has shifted towards semiconductor manufacturing in recent years.
Thus, the goal of the company corresponds with the initiatives of the Indian government to boost domestic semiconductor production. The company is well-poised in defense and also expanding in high-tech electronics. Investors consider BEL to be a stable bet in this growing industry.
2. HCL Technologies
The IT giant, HCL Technologies, has expanded into semiconductor design and development. Working closely with global semiconductor manufacturers, HCL provides services in areas like chip design and validation.
Serving high-growth sectors like AI, IoT, and 5G, it largely leverages its R&D and existing infrastructure. This makes it a frontrunner among semiconductor companies in India.
3. Polycab India
While Polycab is known for cables and wires, it has expanded its portfolio to produce semiconductor materials used in electronics manufacturing.
With this diversification, it aims to strengthen India as the country steps up its semiconductor production. Polycab has adopted a proactive approach in addressing the rising demand for semiconductors in India as the country’s tech sector picks up pace.
4. Dixon Technologies (India)
Dixon Technologies is one of the leading electronics manufacturers in India. It has taken strides in assembling and testing semiconductors, driven by the Production-Linked Incentive (PLI) scheme for electronics initiated by the government.
The company holds expertise in large-scale manufacturing and supply chain management and is ready to expand into semiconductor production.
5. Vedanta
Vedanta has made substantial investments in the semiconductor industry in India. It is currently eyeing opportunities in silicon wafer and chip manufacturing. Vedanta also has an ambitious plan to establish a semiconductor fabrication plant, positioning itself as a critical player in India’s semiconductor mission.
With government support and a long-term vision, its venture into semiconductors can significantly boost its growth.
6. CG Power and Industrial Solutions
CG Power is known for its power solutions and is actively exploring semiconductor technologies for smart grids and IoT applications. The company has extensive experience in industrial technology and aims to roll out semiconductor solutions to enhance energy efficiency.
This is a vital initiative as the country moves to an energy-efficient environment. The shift to the semiconductor sector positions CG Power as a lucrative investment avenue.
Conclusion
Thanks to government initiatives and the tremendous growth potential lying ahead, the semiconductor industry in India looks strong. In this blog, we have curated the most promising companies working on semiconductors, so that you can put them on your watch list on your stock trading app. Investing in semiconductor stocks opens up a window into this booming sector as India emerges as a global tech manufacturing hub.
