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- Different models<\/strong>: The best semiconductor stocks in India provide exposure to chip design, engineering, and other areas.<\/li>\n\n\n\n
- Five stocks to watch<\/strong>: HCLTech, CG Power, Kaynes Technology, MosChip Technologies, and the VanEck Semiconductor ETF give semiconductor exposure.<\/li>\n\n\n\n
- Financial performance<\/strong>: Revenue growth, profits, debt, cash flow, valuations, and project progress should be analyzed.<\/li>\n\n\n\n
- Understanding risks<\/strong>: High project costs, delays, competition, and weak financial results can affect returns.<\/li>\n<\/ul>\n\n\n\n
Why is India\u2019s Semiconductor Industry Growing?<\/h2>\n\n\n\n
India\u2019s semiconductor industry is witnessing growth as the country continues to invest in chip design, packaging, and testing. Products such as smartphones, electric vehicles, computers, and AI systems thus get support. While demand for these products increases, it creates broader opportunities for companies across the chip supply chain.<\/p>\n\n\n\n
The India Semiconductor Mission is another major reason for the sector\u2019s growth. Through this initiative, which aims to build local chipmaking capacity and reduce reliance on imports, the government is also supporting the space.<\/p>\n\n\n\n
Global demand is also rising, adding to the growth of the semiconductor sector in India. According to the Semiconductor Industry Association<\/a>, global chip sales hit a remarkable $791.7 billion in 2025. This reflects a strong demand across several technology markets.<\/p>\n\n\n\n
Unveiling the Best Semiconductor Stocks in India<\/h2>\n\n\n\n
The best semiconductor stocks in India include companies linked to chip design, engineering, packaging, and testing. But these companies have different business models and levels of exposure to the industry. Comparing their core activities can help you understand their business growth and how semiconductor exposure benefits them.<\/p>\n\n\n\n
Here are the five semiconductor-related stocks to watch in 2026:
<\/p>\n\n\n\nCompany<\/th> Symbol<\/th> Semiconductor Exposure<\/th><\/tr><\/thead> HCLTech<\/td> HCLTECH (NSE)<\/td> Chip design and engineering services<\/td><\/tr> CG Power and Industrial Solutions<\/td> CGPOWER (NSE)<\/td> Semiconductor packaging and testing<\/td><\/tr> Kaynes Technology India<\/td> KAYNES (NSE)<\/td> Electronics manufacturing and semiconductor packaging<\/td><\/tr> MosChip Technologies<\/td> MOSCHIP (NSE)<\/td> Chip design and engineering services<\/td><\/tr> VanEck Semiconductor ETF<\/td> SMH (Nasdaq, not listed on NSE)<\/td> Invests in global semiconductor companies, including chipmakers and semiconductor equipment manufacturers<\/td><\/tr><\/tbody><\/table> Four Indian semiconductor stocks and one global semiconductor ETF, with their symbols and chip industry exposure.<\/figcaption><\/figure>\n\n\n\n It is worth noting that market capitalization, financial performance, and stock prices can vary over time. The list here is not a recommendation to buy these stocks.<\/p>\n\n\n\n
![\"Supply](\"https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/10\/best-semiconductor-stocks-india-supply-chain-map-1024x576.png\" "\\"\\"")
Where the four Indian stocks and the SMH ETF sit in the chip supply chain.<\/figcaption><\/figure>\n\n\n\n 1. HCLTech<\/h3>\n\n\n\n
HCLTech offers semiconductor design and engineering services to companies across tech spaces. The areas of focus include chip design, verification, and product development. Thus, investors can access the semiconductor sector without relying on chip manufacturing alone.<\/p>\n\n\n\n
HCLTech\u2019s revenue comes from several IT services. This means that the semiconductor-related work is only one part of its business. Investors can learn about the company\u2019s annual report, revenue growth, profit margins, and semiconductor service developments to assess its growth potential.<\/p>\n\n\n\n
2. CG Power<\/h3>\n\n\n\n
CG Power and Industrial Solutions focuses on electrical equipment and industrial systems. It is also expanding into semiconductors through CG Semi. Its semiconductor business focuses on outsourced semiconductor assembly and testing.<\/p>\n\n\n\n
This gives CG Power another potential source of growth beyond its established businesses. Investors should check the latest disclosures for production progress, customer demand, capital expenditure, and the role of the semiconductor business in overall earnings.<\/p>\n\n\n\n
The company\u2019s consolidated revenue increased to \u20b912,418 crore in FY26 from \u20b99,909 crore in FY25. But its CG Semi subsidiary saw only \u20b90.42 crore in revenue. It also reported a loss before tax of \u20b980.28 crore in FY26.<\/p>\n\n\n\n
3. Kaynes Technology<\/h3>\n\n\n\n
Kaynes Technology is now expanding into semiconductor packaging along with its existing electronic manufacturing services. The company connects electronics production with the semiconductor supply chain.<\/p>\n\n\n\n
Significantly, the company may post gains from increased demand for local electronics manufacturing and semiconductor packaging. But before concluding its success, investors need to assess its revenue growth, profit margins, debt, cash flow, and progress in bringing in new projects. Reports claim that Kaynes Technology\u2019s revenue hit \u20b9946.02 crore, up 40.47% year over year. But the profit tax declined to \u20b987.88 crore, down 8.54% year over year.<\/p>\n\n\n\n
4. MosChip Technologies<\/h3>\n\n\n\n
MosChip Technologies is mainly about semiconductor design and engineering services. The work includes chip design and development. This makes it different from companies that focus on manufacturing or packaging.<\/p>\n\n\n\n
Here, demand for advanced chips could create opportunities for engineering service providers. Investors should examine the company\u2019s revenue growth, net profit, operating margins, customer base, and new projects.<\/p>\n\n\n\n
Interestingly, the company saw FY26 revenue of \u20b9585.15 crore, up by 25.34% from \u20b9466.84 crore in FY25. Its EBITDA surged by 8.64% to \u20b965.11 crore. Definition [EBITDA]: a measure of operating earnings before interest, tax, depreciation, and amortisation. Also, profit before tax, excluding exceptional items, rose to \u20b941.58 crore, up 23.97%.<\/p>\n\n\n\n
5. VanEck Semiconductor ETF<\/h3>\n\n\n\n
The VanEck Semiconductor ETF (SMH) offers exposure to the global semiconductor industry through a single exchange-traded fund. It is listed on the Nasdaq and tracks an index of companies involved in semiconductor production and equipment. Thus, investors get access to several major chip companies. This means they don\u2019t need to buy each stock separately.<\/p>\n\n\n\n
As of September 23, 2026, the fund has total assets of $74.19 billion. It has delivered a year-to-date return of 66.89%. In addition, the fund held 26 securities, with NVIDIA accounting for about 19.36% of its portfolio. According to VanEck\u2019s official data, its total expense ratio was 0.35%.\u00a0<\/p>\n\n\n\n
<\/p>\n\n\n\n
Buy SMHB<\/div><\/a>OR<\/span><\/div>Trade SMH Futures<\/div><\/a><\/div><\/div><\/div>\n\n\n\n<\/p>\n\n\n\n
![\"FY26](\"https:\/\/mudrex.com\/learn\/wp-content\/uploads\/2026\/10\/best-semiconductor-stocks-india-fy26-snapshot-1024x576.png\" "\\"\\"")
FY26 vs FY25 revenue for CG Power and MosChip, with semiconductor-specific results.<\/figcaption><\/figure>\n\n\n\n Why Trade in Crypto or Tokenised Stocks?<\/h2>\n\n\n\n
It is important to note that investments in semiconductor stocks will give you exposure to companies linked to the chip industry. But crypto<\/a> and tokenized stocks offer different ways to access financial markets. While each option has its own benefits and risks, your choice should depend on your goal and risk tolerance.<\/p>\n\n\n\n
Crypto markets are available to trade 24\/7. This allows traders to respond to market movements at all times. Crypto futures also allow you to take long or short positions, while leverage can magnify losses. As cryptocurrencies are highly volatile, losses and gains could be unpredictable.<\/p>\n\n\n\n
- Five stocks to watch<\/strong>: HCLTech, CG Power, Kaynes Technology, MosChip Technologies, and the VanEck Semiconductor ETF give semiconductor exposure.<\/li>\n\n\n\n