These 8 Semiconductor Stocks Have Given Over 50% Returns in 2024

Semiconductors are the cornerstone of modern technology, powering everything from smartphones to advanced artificial intelligence. These tiny yet powerful chips are essential for developing innovations in sectors such as autonomous vehicles, renewable energy, and medical devices. With nations striving to dominate the semiconductor industry, India is making significant strides in this competitive arena.

India’s Semiconductor Market Growth

India’s semiconductor market has been growing rapidly. Valued at approximately $41.2 billion in 2024, it is expected to reach $115.6 billion by 2030, registering a compound annual growth rate (CAGR) of 18.8%. This growth is fuelled by increasing digitisation, rising demand for consumer electronics, and advancements in industrial automation and renewable energy.

8 Semiconductor Stocks Have Given Over 50% Returns in 2024

Semiconductor Stock Highlights

• ASM Technologies LTD

ASM Technologies recorded an impressive growth of 197.78% in 2024. According to their official website, the company is a global provider of end-to-end engineering and product R&D services. With a focus on cutting-edge technologies, ASM serves clients across industries like automotive, aerospace, and semiconductor manufacturing.

• Dixon Technologies (India) Ltd

Dixon Technologies, a leading electronics manufacturer, achieved a remarkable 156.47% growth. Renowned for its robust contract manufacturing services, the company caters to segments such as consumer electronics, home appliances, and lighting.

• Mic Electronics LTD

With a growth of 116.14%, Mic Electronics continues to innovate in LED lighting and display solutions. The company is leveraging advancements in semiconductor technology to expand its product offerings.

What Are Semiconductors?

A semiconductor is a material with electrical conductivity between a conductor (like copper) and an insulator (like glass). Its unique properties make it integral to electronic devices, enabling the creation of transistors, diodes, solar cells, and integrated circuits (ICs).

Why Are Semiconductors Crucial?

Semiconductors are the foundation of integrated circuits, which serve as the ‘brains’ behind electronic devices. Their applications span numerous industries, such as:

• Consumer Electronics: Smartphones, gaming consoles, and televisions.
• Healthcare: Medical imaging and wearable technology.
• Automotive: Electric and autonomous vehicles.
• Telecommunication: Data centres and 5G networks.
• Energy: Solar panels and energy-efficient systems.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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