Did you know that most of the electronic items require a semiconductor chip to operate efficiently?
The emerging technologies have high dependence on semiconductors.
Be it a mobile phone or a consumer appliance or even a vehicle, these little chips are of tremendous use.
Semiconductors are going into an increasing number of things. As the pace of innovation increases, the use of semiconductors will also increase.
So where does the problem lie for India? Well, India imports almost all the semiconductors it needs at present.
But this is set to change as the Indian government makes rapid push to innovate the nascent semiconductor industry in India.
Like it or not, the semiconductor industry is a megatrend in the making.
The investments in India's semiconductor capacity are expected to grow multifold in the next few decades.
There will be profit making opportunities in this space and if you get your hands on the best semiconductor stock in India, who knows, you could just as well see multibagger returns for your portfolio.
While the list is still small, there are a few Indian listed companies which are tapping into this emerging industry.
Here are the best semiconductor stocks in India. These companies have direct or indirect exposure to the semiconductor industry.
Please note, these are not recommendations by any stretch.
Do your analysis before investing in semiconductor stocks as the industry is at a nascent stage.
The industry is set for consistent growth over the long run so the opportunity will be huge.
And if you want an indirect play in the industry, keep an eye on companies offering raw materials to the semiconductor industry.
Sep 11, 2024
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These key emerging trends can prove to be a boon for the semiconductor industry.