Best Semiconductor Stocks to Buy in 2023

Best Semiconductor Stocks to Buy in 2023
Best Semiconductor Stocks to Buy in 2023

by Tanushree Jaiswal Last Updated: Sep 07, 2023 - 05:09 pm 506 Views

What’s meaning of Semiconductor Stocks?

Shares of businesses involved in the production and sale of semiconductors are known as semiconductor stocks. Small electrical chips known as semiconductors are essential for electronic equipment. It controls the flow of power on a variety of electronic devices, including cellphones, household appliances, ATMs, electric automobiles, and others. 

These stocks have gained attention as a result of recent events throughout the world. Despite rising demand, particularly in light of the pandemic situation and a constrained supply, semiconductor stocks are still quite popular. We will discuss the top semiconductor stocks in India in this post, along with the reasons they can be profitable investments.

Overview of Semi-Conductor Industry in India

The worldwide semiconductor market is expected to reach USD 688.2 billion by 2023, which is driving the rapid growth of the Indian semiconductor sector. India hopes to produce its own semiconductors independently, with a CAGR of 19.7% predicted between 2022 and 2026. 

In particular, Vedanta and Foxconn are investing USD 19.5 billion to build factories, and the Indian government is providing incentives to entice semiconductor firms. Significant job possibilities are anticipated to result from this boom, and by 2026, India's semiconductor component business is projected to produce US$300 billion in sales. The semiconductor industry continues to see strong demand despite recent supply constraints.

Important consideration prior Choosing/investing in Semiconductor Stocks

  • Revenue Growth: Look for consistent and progressive growth in company sales over time.
  • Profit Margins: Invest in companies with above-average profit margins that can reinvest in research and operations.
  • Return on Invested Capital (ROIC): High ROIC indicates intelligent investment potential.
  • Strong Financials: Examine balance sheet, annual returns, and equity statements for future performance.
  • High Market Penetration: Consider the industry's growth potential while aligning with risk tolerance and thorough research.

Overview of the Top Semi-Conductor Stocks to Invest in India

Sr. No.
Name of Companies
1 Tata Elxsi
2 Dixon Technologies
3 ASM Technologies
4 Vedanta
5 Chemcon Speciality Chemicals


The Semiconductor Indian programmed, with a total investment of ₹ 76,000 crores, has received the requisite push to expand and improve the semiconductor manufacturing ecosystem in India thanks to the vision of India's Atma Nirbharata in the semiconductor and electronic chip industry.

How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
How to check the allotment status of SignatureGlobal India IPO

SignatureGlobal India Ltd IPO gets a modest to healthy response

  • Sep 22, 2023
How to check the allotment status of Sai Silks Kalamandir IPO

The ₹1,201 crore IPO of Sai Silks (Kalamandir) Ltd consisted of a fresh issue of ₹600 crore and an offer for sale (OFS) of ₹601 crore.

  • Sep 22, 2023
Weekly Outlook on Copper- 25-Sep-2023

Copper witnessed a significant decline of -1.3%, trading at 715, primarily due to the strengthening dollar and increasing metal inventories. LME inventories surged to their highest level since May 2022, reaching 162,900 tons.  Copper price slips lower amid higher dollar and inventory concerns

  • Sep 22, 2023