SEMICON India 2026: Syrma, Tata Tech, Tata Elxsi, MosChip shares jump up to 10%; here is why

Select Tata Group companies, CG Power, Kaynes Technology, Dixon Technologies, Syrma SGS Technology, ASM Technologies and MosChip Technologies were trading with impressive gains in the early trade on Thursday, September 17, as Prime Minister Narendra Modi inaugurates SEMICON India 2026.

The three-day event will bring together global and Indian companies, investors and policymakers, with discussions covering semiconductor materials, chip design, fabrication, advanced packaging, electronics and systems.

The focus on investments and building a domestic semiconductor ecosystem could keep semiconductor and electronics manufacturing-related stocks in focus.

Details to know

Government officials, chip companies and industry delegates from across the world will gather for SEMICON India 2026, an event that will see over 500 exhibiting companies from more than 20 countries showcasing next-generation technologies, innovations and solutions.

The event comes at a time when India is seeking to establish itself as a manufacturing base in the global semiconductor supply chain, a sector widely regarded as critical to modern economies.

Semiconductors have become embedded in almost every aspect of modern life.

The smartphone in one’s pocket contains multiple chips, as do cars, refrigerators, traffic signals and satellites.

They power everything from fighter jets and medical ventilators to banking systems and data centres, making chips a critical component of both everyday devices and essential infrastructure.

Stocks to watch

The stocks mentioned above are likely to remain in focus as SEMICON India 2026 puts India’s expanding semiconductor ecosystem under the spotlight.

Tata Group companies such as Tata Technologies, Tata Elxsi, and Tejas Networks are involved in both chip fabrication and assembly and testing, while CG Power and Kaynes Technology are scaling up outsourced semiconductor assembly and testing (OSAT) facilities.

Dixon Technologies and Syrma SGS are expanding their electronics and component manufacturing capabilities, while ASM Technologies and MosChip Technologies have exposure to semiconductor engineering, design and related services.

With the government pushing investment across the semiconductor value chain — from fabrication and packaging to design and components — investors are likely to track any fresh project announcements, partnerships or capacity updates at the event.

How shares were performing

Syrma SGS Technology shares jumped up to 9.7% to ₹1,658 apiece on the NSE, while CG Power and Industrial Solutions was up 2% to ₹868.40.

ASM Technologies traded 1.25% higher at ₹6,991.95 on the BSE. Dixon Technologies (India) shares were also up 1.28% at ₹13,350 apiece on the NSE.

Kaynes Technology shares were up 5% at ₹3,551.00 apiece on the NSE.

Tata Technologies was up 0.49% at ₹752.10 on the NSE; Tata Elxsi shares were up 0.47% at ₹3,389 apiece on the NSE. Tejas Networks was up 1.28% to ₹521.40.

Key things to know

Silicon is a material found in abundance in nature, including in sand and rocks. But when it is purified to an extremely high level, it becomes the foundation for making semiconductors — materials that can control the flow of electricity.

Unlike metals such as copper, which conduct electricity freely, semiconductors can be switched between conducting and not conducting electricity. This makes them ideal for controlling the billions of electrical signals that power modern electronics.

Those tiny electrical switches are called transistors. Billions of transistors are packed onto a small piece of silicon to create an integrated circuit, or chip. These chips act as the processing and memory units of electronic devices, allowing them to calculate, store and process information.

Today, semiconductors are indispensable across industries — from smartphones, cars and telecom equipment to computers, medical devices, factories, data centres and the artificial intelligence systems driving the next wave of technology.

Fujifilm to invest ₹800 crore in India

Japanese firm Fujifilm plans to set up a greenfield semiconductor materials manufacturing facility in India with a total investment of around $83 million, or around ₹800 crore, the company said on Wednesday.

The investments will be made in two phases starting from October 2026, according to the company. Commercial production at the greenfield manufacturing facility is expected in the fiscal year 2028.

“Fujifilm …announced a landmark investment for a new greenfield semiconductor materials manufacturing facility in India. The project will follow a two-phase, staggered investment strategy aligned with industry growth and customer demand, with a total investment of approximately Rs 800 crore ( around $83 million),” the company said in a statement.