Archive · 24 Dec 2025
India's Chip Boom: 3 Hidden Gems
India's semiconductor market is growing rapidly and is expected to reach USD $100-110 billion by 2030.
Three Indian companies are playing a crucial role in this growth by producing essential materials and chemicals needed for chip manufacturing.
Acutaas Chemicals is the only Indian company making high-purity chemicals for semiconductors.
Archean Chemicals is building a facility to make silicon carbide (SiC) devices used in electric vehicles and renewable energy.
Stallion India is specializing in high-purity gases and liquid helium, which are important for making semiconductors.
These companies are helping India become less dependent on other countries for these important materials.
India's semiconductor market is projected to reach USD $100-110 billion by 2030, up from USD $38 billion in 2023.
Acutaas Chemicals is the only Indian manufacturer of semiconductor-grade photoresist chemicals and is expanding into electrolyte additives for batteries.
Archean Chemicals is building India's first commercial silicon carbide (SiC) fabrication facility, with a focus on electric vehicles and renewable energy.
Stallion India is specializing in high-purity semiconductor gases and liquid helium, crucial for semiconductor manufacturing.
These companies are positioning themselves to capture the growing demand in the semiconductor market and reduce India's dependency on China.
- Who
- Indian companies Acutaas Chemicals, Archean Chemicals, and Stallion India
- What
- Expansion into semiconductor materials, chemicals, and gases
- When
- Current and projected growth by 2030
- Where
- India
- Why
- To meet the growing demand in the semiconductor market and reduce dependency on China
- Market Size
- USD $100-110 billion (₹9-10 lakh crore) by 2030
- Acutaas Chemicals
- Only Indian manufacturer of semiconductor-grade chemicals
- Archean Chemicals
- Building India's first commercial SiC fabrication facility
- Stallion India
- Specialized in high-purity semiconductor gases and liquid helium
- Acutaas Revenue Growth
- 21% year-on-year in H1 FY26
- Archean Revenue Growth
- 10% in H1 FY26
- Stallion Revenue Growth
- 52.8% year-on-year in H1 FY26
- SiC Market Projection
- Projected to grow at a CAGR of 26% through 2030