4 Chip-Related Stocks in India to Watch

#2 Kaynes Technology

Next on the list is Kaynes Technology.

Kaynes Technology has evolved from a focused electronics manufacturing player into an integrated technology company with end-to-end capabilities across design, manufacturing, testing, and semiconductor packaging.

The company is involved in semiconductor through its wholly owned subsidiary, Kaynes Semicon, which focuses on advanced semiconductor manufacturing.

The subsidiary runs facilities designed to meet global semiconductor standards, supported by state-of-the-art infrastructure, precision engineering systems, and scalable production capabilities.

Narendra Modi inaugurated Kaynes Semicon's plant in Sanand on 31 March 2026. The project was approved by the Union Cabinet of India on 23 September 2024, under the India Semiconductor Mission.

The facility is designed to handle approximately 6.3 m chips per day, marking a significant step in building domestic semiconductor manufacturing capabilities.

Further, according to media reports dated 6 April 2026, Kaynes Semicon is planning to expand its presence under the upcoming ISM 2.0 scheme by exploring opportunities in gallium nitride (GaN) and micro-LED technologies.

According to media reports dated 28 July 2026, Raghu Panicker, Chief Executive of Kaynes Semicon, told The Economic Times that the company is in advanced discussions with global technology firms to expand into:

• Semiconductor wafer fabrication
• Compound semiconductors
• Advanced packaging
• Semiconductor materials and equipment manufacturing

The company plans to enter these segments through joint ventures and technology partnerships rather than developing the technologies on its own.

Kaynes Semicon is also looking to submit project applications under the next phase of the India Semiconductor Mission (ISM) by mid-August 2026, subject to the government opening the application window.

This makes Kaynes Technology one of the key chip-related stocks to watch in India's growing semiconductor ecosystem.

For more details, see the KAYNES TECHNOLOGY company fact sheet and quarterly results.

#3 MosChip Technologies

Next on the list is MosChip Technologies.

The company is one of India's earliest fabless semiconductor companies in India. The company has built strong expertise across a wide range of semiconductor technologies, from 180nm to advanced 2nm nodes, catering to digital, analog, and mixed-signal chip designs.

Moschip offers end-to-end semiconductor services covering chip design, verification, integration, validation, testing, and volume manufacturing support.

Moschip has completed more than 600 successful tape-outs and has established itself as a trusted partner for global semiconductor companies.

Its capabilities span the entire semiconductor development lifecycle, including RTL design, FPGA, IP integration, embedded software, hardware platforms, and production release.

It handle the full silicon lifecycle - RTL to GDSII, tape-out, and volume production - including coordination with TSMC, Samsung, Intel, and OSATs.

This makes MosChip Technologies another chip related stock to watch in India.

For more details, see the MOSCHIP TECHNOLOGIES company fact sheet and quarterly results.

#4 Tata Elxsi

Last on the list is Tata Elxsi.

Tata Elxsi is among the world's leading providers of design and technology services, catering to industries such as automotive, broadcast, communications, healthcare, and transportation.

Tata Elxsi is a global design and technology services company with a growing presence in the semiconductor space. It provides chip design, engineering, verification, and software integration services to semiconductor and electronics companies.

The company leverages AI, machine learning, and advanced engineering to help customers accelerate chip development and deliver high-performance semiconductor solutions.

Through customized driver development, Tata Elxsi enables faster SDK creation and quicker deployment across connected semiconductor platforms, supporting innovation in embedded and next-generation devices.

For more details, see the TATA ELXSI company fact sheet and quarterly results.

Conclusion

India's semiconductor story is picking up real pace, with the government now gearing up to roll out Semicon 2.0, a more streamlined approval process paired with stronger support for the wider chip ecosystem.

By cutting down on paperwork and standardising how applications are processed, the goal is simple: get projects approved faster and pull in more investment across the entire semiconductor value chain.

The semiconductor value chain spans chip design, manufacturing, packaging, testing, materials, and engineering services.

As the ecosystem evolves, companies operating across these segments are expected to play an important role in the industry's development.

That said, this is still a young, evolving space. Therefore, investors should carefully evaluate these companies' fundamentals, corporate governance, and valuations as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...