March 21, 2023

Top Semiconductor Manufacturers in India [2022]

The Indian semiconductor industry is enjoying a lot of traction as the demand for semiconductors has increased. The global semiconductor and related device market is expected to grow at a CAGR of 4.82% from USD 570.1 billion in 2019 to USD 688.2 billion by 2023, aided by factors like rising penetration of smartphones, tablets, and other electronics and increasing data consumption.

The Indian semiconductor industry is in a growing phase. It is expected to grow at a CAGR of 19.7% from Fiscal 2022 to Fiscal 2026. There is a government effort to make the country self-reliant in producing semiconductors for its expanding market.

India’s plan to achieve Atma Nirbharta in manufacturing semiconductors will help boost the revenue of the semiconductor manufacturing companies. Check out which are the best semiconductors stocks.

Top Semiconductor Manufacturers in India

1. Tata Elxsi

The company operates in two segments – system integration and support and software development and services. Tata Elxsi, a global leader in technology design and services, has paired with Renesas Electronics Corporation, a pioneer in advanced semiconductor solutions, in developing a state-of-the-art design center in Bangalore.

P/E ratio (TTM): 63.46

EPS (TTM): 107.57

Profit in 2022: ₹2.471 crore

2. ASM Technologies Ltd.

The company offers consulting in engineering, product engineering, and product research and development services. Its services include automation solutions, compromise assessment digital engineering, the internet of things, robotics, and driver assistance systems. They earned total revenue of Rs 192 crore in 20


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