The Semiconductor Market Is Projected To Hit $80 Billion By Fy28; ABB, Kaynes Could Give Over 20% Each Upside

The semiconductor market is projected to hit $80 billion by FY28; ABB and Kaynes could give over 20% each upside

With over four decades of experience in the industry, including a tenure on U.S. President Obama’s committee, Manocha outlined a robust vision for India to become a semiconductor powerhouse.

The Indian semiconductor market is projected to grow at a remarkable 19.6% CAGR, reaching INR 80.3 billion by FY28.

Tata Electronics, in collaboration with Taiwan’s PSMC, is establishing India’s first advanced semiconductor fab in Dholera, with a production capacity of 50,000 wafers per month. 

Kaynes has formed three partnerships with Brightgrid Technologies, Lightspeed Photonics, & VLSI Society of India to strengthen its footprint in semiconductors. Diversification of product portfolio into high-growth seg., along with strategic partnerships, positions Kaynes well within India’s decade-long growth story in the EMS sector.

This demand can continue for another 5-10 years, and industries will be comfortable paying higher prices. We thus believe that margins in these two segments will remain higher over the next few years.

Demand for FMIG is higher during an uptrend, and ABB is capitalizing on this demand from its motion and electrification segment.

Kaynes has formed three partnerships with Brightgrid Technologies, Lightspeed Photonics, & VLSI Society of India to strengthen its footprint in semiconductors. Diversification of product portfolio into high-growth seg., along with strategic partnerships, positions Kaynes well within India’s decade-long growth story in the EMS sector. With over four decades of experience in the industry, including a tenure on U.S. President Obama’s committee, Manocha outlined a robust vision for India to become a semiconductor powerhouse.

The Indian semiconductor market is projected to grow at a remarkable 19.6% CAGR, reaching INR 80.3 billion by FY28.

Tata Electronics, in collaboration with Taiwan’s PSMC, is establishing India’s first advanced semiconductor fab in Dholera, with a production capacity of 50,000 wafers per month.