Kaynes Tech, Syrma SGS, MosChip, others rally up to 10% as PM Modi set to inaugurate Semicon 2026

The event is set to showcase the country’s semiconductor value chain, spanning materials, equipment and chip design to fabrication, advanced packaging, electronics and systems.

Kaynes Technology rose 5% to an intraday high of Rs 3,563 on the BSE, while Syrma SGS Technology gained 10% to Rs 1,658 per share. MosChip Technologies also advanced more than 6% to Rs 212 per share.

Why are semiconductor stocks rising?

Kaynes Technology India is establishing a semiconductor manufacturing facility in Gujarat with an investment of Rs 3,307 crore, focused on wire-bond interconnect and substrate-based packages. The facility is expected to have capacity to produce more than 6.33 million chips per day.
Syrma SGS, meanwhile, is part of the broader electronics manufacturing ecosystem that could benefit as India pushes for greater domestic component manufacturing and localisation. The company has also recently received approval for a Rs 60 crore coil manufacturing project under the Electronics Components Manufacturing Scheme, while it has been expanding its EMS footprint through partnerships and new facilities.

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MosChip is a semiconductor and product engineering company that designs custom computer chips and smart electronic systems.
India’s semiconductor sector has attracted $1.4 billion in all-time equity funding across 281 funded companies, with nearly half of this amount – $701 million – raised since 2025 alone, according to data from Tracxn.The growing investor interest comes as India attempts to build a semiconductor ecosystem beyond chip design and electronics assembly.

The government launched the India Semiconductor Mission (ISM) in 2021 with a Rs 76,000 crore outlay, covering the semiconductor value chain from chip design and fabrication to packaging, testing, equipment, materials and talent.

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Semicon India 2026: What is PM Modi saying?

Prime Minister Narendra Modi on Wednesday urged global and Indian semiconductor companies to actively participate in the next phase of India’s semiconductor growth, calling for greater industry involvement in skilling, innovation and emerging technologies such as artificial intelligence and quantum computing.

Modi chaired a roundtable with leading semiconductor industry CEOs at Seva Teerth, where he stressed closer collaboration between the government and the industry as India seeks to expand its capabilities across the semiconductor value chain.

Modi reiterated the government’s commitment to maintaining a predictable and responsive policy environment for the semiconductor sector. At the same time, he said policies would need to evolve in line with technological advances and industry requirements.

Earlier this year, the government approved Semicon 2.0 with a proposed outlay of Rs 1.27 lakh crore. The programme focuses on six areas: chip design, semiconductor equipment and materials, fabrication facilities, advanced packaging, research and development, and talent development.

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