Semiconductor Companies in India: Think about how many electronic devices you’ve used today—phones, smart home gadgets, even ATMs. Ever wonder what powers them? It’s all thanks to semiconductors. These tiny, crucial components drive the technology we rely on daily. Despite the pandemic’s impact on supply chains, global demand for semiconductors is still soaring, with projections from Statista estimating the market will reach US$10.68 billion by 2027. India, a country heavily dependent on imports for semiconductors, has seen increasing interest from over 20 companies wanting to establish production facilities domestically.
In this article, we’ll take a closer look at the top 10 semiconductor companies operating in India, shedding light on this rapidly evolving industry.
What is a Semiconductor?
Before diving into the leading semiconductor companies in India, it’s important to understand what semiconductors actually are. Semiconductors are materials that have unique electrical properties, making them essential for everything from computers to everyday electronics. These materials conduct electricity under certain conditions but act as insulators under others, making them ideal for regulating electrical currents in devices. Semiconductor Companies in India
Unlike conductors, which allow electricity to flow freely, or insulators, which block electricity entirely, semiconductors sit somewhere in the middle. Devices like diodes, transistors, and integrated circuits (ICs) are all made using semiconductors, and their ability to change conductance in response to current, voltage, or light exposure makes them the backbone of modern electronics.
A semiconductor’s properties are often enhanced through the introduction of impurities, known as dopants, which further refine their capabilities. This versatility makes semiconductors indispensable in today’s technology-driven world. Semiconductor Companies in India
Top Semiconductor Companies in India
1. ASM Technologies
ASM Technologies has been a key player in the semiconductor space since 1992, providing equipment and services essential for semiconductor manufacturing. This publicly traded company operates not only in India but also across the USA, Singapore, UK, Canada, Mexico, and Japan. With decades of experience, ASM delivers top-tier engineering consulting and product development services, focusing on R&D in engineering. Its Offshore Development & Support Centers in India and beyond serve a diverse global clientele.
2. Broadcom Inc
A global leader in the semiconductor industry, Broadcom has been operating in India for over 20 years. The American multinational produces a variety of semiconductor and infrastructure software products, serving sectors such as data centers, broadband, wireless, and industrial markets. In 2023, semiconductors accounted for 79% of the company’s total revenue, demonstrating Broadcom’s strong presence in this field. Semiconductor Companies in India
3. Vedanta Ltd
Founded by D.P. Agarwal in the 1980s, Vedanta is one of India’s largest conglomerates with interests in mining, metals, and now semiconductors. The company made waves in 2022 when it partnered with Foxconn to invest ₹1.54 trillion (US$19 billion) to build semiconductor manufacturing facilities in Gujarat. Although this partnership dissolved in 2023, Vedanta remains committed to establishing its semiconductor foundries in India.
4. Micron Technology
Micron Technology began in a basement in Boise, Idaho, in 1978 and has since grown into one of the world’s top semiconductor companies. With a focus on memory and storage solutions, Micron’s innovations, such as the introduction of the smallest 256K DRAM in the 1980s, have pushed the boundaries of semiconductor technology. Through a combination of cutting-edge research and strategic acquisitions, Micron continues to lead in this field.
5. MosChip Technologies
MosChip, founded in 1999 in Hyderabad, India, has made significant strides in semiconductor design over the past two decades. With a workforce of over 1,300 engineers spread across Silicon Valley, Hyderabad, and Bengaluru, the company develops semiconductors for computing, networking, and consumer applications. Known for their reliability and timely delivery, MosChip is a top choice for many industries looking for innovative semiconductor solutions. Semiconductor Companies in India
6. NXP Semiconductors
Dutch company NXP Semiconductors has established a strong presence in India, with research and development centers in Bangalore and Noida. Specializing in the automotive, industrial, IoT, and mobile markets, NXP generated $11.06 billion in revenue in 2021 and continues to grow. Their work includes designing and producing chips for applications such as electronic passports, RFID tags, and smart transport systems.
7. Samsung Semiconductors
Samsung Semiconductors India, based at the Samsung Research and Development Center in Bengaluru, is part of the global giant Samsung Electronics. Known for its expertise in chip manufacturing, Samsung is a leader in the global semiconductor market. The company works closely with universities and research institutions in India to further advance semiconductor research, aiming to produce cutting-edge components that power the devices of tomorrow. Semiconductor Companies in India
8. Applied Materials
Applied Materials, Inc. is a leading provider of equipment, services, and software for the manufacturing of semiconductor chips. Headquartered in the USA, the company has a major presence in Bengaluru. Applied Materials plays a crucial role in developing the chips used in a wide array of electronics, from computers and smartphones to TVs and solar panels. Their advanced systems are pivotal in shaping the future of semiconductor technology.
9. SPEL Semiconductor Ltd
As India’s first Semiconductor IC Assembly & Test (OSAT) company, SPEL has been a trailblazer in the industry since 1988. Based in Chennai, SPEL caters to major Integrated Device Manufacturers (IDMs) and Fabless companies across Asia and the USA. Their packaging technology is widely used in communications, consumer electronics, and computing applications, making them a critical player in India’s semiconductor landscape. Semiconductor Companies in India
10. Masamb
Founded in 2007, Masamb is a Noida-based company that provides a wide range of semiconductor services, including RTL Design, Functional Verification, and AMS Design. Masamb’s offerings also include CAD Methodology and Real-Time Embedded/Firmware development, making them a trusted partner for semiconductor, EDA, and OEM companies looking for comprehensive support in their projects.
Conclusion
The semiconductor industry in India is growing rapidly, driven by both domestic demand and government initiatives aimed at reducing the country’s reliance on imports. Companies like ASM Technologies, Broadcom, and Micron are helping shape India’s future as a potential semiconductor manufacturing hub. With the government’s ongoing push to expand the sector, and several international companies showing interest in setting up facilities, the outlook for India’s semiconductor industry is promising. Semiconductor Companies in India
Currently, India relies heavily on imports from countries like Taiwan, China, Korea, and Vietnam for semiconductors, but these companies are playing a crucial role in making the country more self-reliant in this vital industry.
