Semiconductor shares akin to CG Energy, Kaynes Expertise India, Dixon Applied sciences, Tata Elxsi, and Moschip Applied sciences had been buying and selling with beneficial properties on Monday, August 17. It’s because Prime Minister Narendra Modi on Saturday, August 15, stated India has already begun manufacturing at three semiconductor vegetation, and 5 to eight extra vegetation are anticipated to return up within the coming years.
Addressing the nation from the ramparts of the historic Crimson Fort on the eightieth Independence Day, the prime minister stated India’s semiconductor journey displays its rising technological self-reliance.
“Three semiconductor vegetation have began. I’ve been instructed that exports have began from the manufacturing that has commenced there. I need to inform residents, within the coming seven to eight years, 5 to eight extra are going to begin,” Modi stated.
The federal government rolled out the Semicon India Programme (Semicon 1.0), which was authorized in December 2021 with an outlay of ₹76,000 crore.
It was launched to construct a home semiconductor and show manufacturing ecosystem. Constructing on it, Semicon 2.0 has been authorized in July, 2026, with a complete outlay of ₹1,27,500 crore.
As many as 12 semiconductor initiatives have been authorized throughout six states underneath Semicon 1.0, with funding commitments exceeding ₹ 1.64 lakh crore.
Of the 12 authorized proposals, three corporations — Micron, Kaynes, and CG Semi — have already began business manufacturing. Yet another firm is anticipated to start operations in 2026, additional strengthening India’s semiconductor manufacturing base.
Semiconductor chips are important to electronics, healthcare, transport and nearly each trendy expertise, the prime minister stated.
Shares in focus
Following Prime Minister Narendra Modi’s announcement that India will add 5–8 extra semiconductor vegetation over the following 7–8 years, these semiconductor-linked shares are prone to stay in focus as buyers observe beneficiaries of the home chip manufacturing ecosystem.
CG Energy and Industrial Options: A key semiconductor manufacturing play by means of its OSAT (meeting, testing, and packaging) enterprise with Renesas and Stars Microelectronics.
Kaynes Expertise India: One among India’s main EMS corporations with a government-approved ATMP semiconductor packaging facility in Gujarat.
Dixon Applied sciences: Prone to profit not directly from larger home chip availability and deeper electronics manufacturing localisation underneath the Semicon India programme.
Tata Elxsi: A semiconductor design and embedded engineering participant with publicity to automotive, industrial and chip design companies.
Moschip Applied sciences: A fabless semiconductor and chip design companies firm that would acquire from the increasing home semiconductor design ecosystem.
How shares had been faring in morning commerce
At 10:26 AM, Moschip Applied sciences shares had been buying and selling 1.48% larger at ₹211.39 apiece on the NSE, whereas CG Energy and Industrial Options was up 0.43% at ₹894.
Dixon Applied sciences (India) was up 0.3% at ₹14,172 on the NSE, and Kaynes Expertise India was up 1% at ₹3,697.20.
What the PM stated
PM Modi famous that for years, the nation mentioned semiconductors, however lacked large-scale semiconductor manufacturing services.
Recognising the strategic significance of chips, the prime minister stated India has taken decisive steps in the direction of self-reliance in semiconductors.
The federal government’s ₹ 1.27 lakh-crore Semicon 2.0 programme goals at supporting semiconductor IP, chip and system designs to strengthen India’s place as a worldwide semiconductor design hub.
The prime minister stated that digital manufacturing has elevated sevenfold, cell phone manufacturing has elevated 33-fold, web customers have elevated 4 instances, and digital transactions have elevated 100 instances.
PLI scheme for Giant Scale Digital Manufacturing (LSEM) — meant to spice up cell phone manufacturing — has attracted round ₹96,000 crore within the section. World majors like Apple, Google, and Foxconn have began cell phone manufacturing within the nation.
Key particulars
Based on official information, smartphones turned India’s prime particular person exported commodity in FY 2025-26, surpassing petroleum, gems and jewelry.
In July, the federal government authorized a cell phone manufacturing scheme, thought-about an extension of the LSEM scheme, with a ₹62,500 crore finances. It focuses on boosting manufacturing, home worth addition, provide chain resilience and international competitiveness.
The prime minister pressured on the necessity for high quality manufacturing and the necessity for India to emerge as a trusted companion for the worldwide provide chain.
He stated that new areas of quantum computing, synthetic intelligence, house, and information centres have emerged within the current time.
The federal government has put in place the IndiaAI Mission with an outlay of about ₹10,372 crore.
As of June 2026, the IndiaAI Mission has expanded shared laptop capability to over 45,000 Graphics Processing Items (GPUs) — the quickest class of laptop required to assist growth and enlargement of AI expertise.
By August this yr, 237 initiatives had accessed subsidised AI computing, masking 93.18 lakh GPU hours to offer inexpensive high-performance computing for AI mannequin growth, coaching, testing and analysis, reducing entry limitations for Indian researchers, startups and innovators.
As of July 2026, the Indian authorities authorized 13 accountable AI initiatives underneath the secure and trusted AI pillar of the IndiaAI Mission.
With inputs from PTI
Disclaimer: This text is solely for informational functions and shouldn’t be thought-about funding recommendation from Upstox. Please seek the advice of with a monetary adviser earlier than making any funding choices.
