The record
Written from the 1 report below. Nothing here is unsourced.
- Shares of Indian electronics makers Kaynes Tech, Syrma SGS and Avalon rallied for a second day during the SEMICON India event.
- The renewed buying interest followed the SEMICON India event, which is focused on the chip industry.
- India announced a fresh $13.4 billion semiconductor fund in July to build a domestic chip industry.
- The rally matters because it shows investors are betting on Indian chip manufacturers benefiting from government support.
What to watch next
- Whether the rally in these chip stocks continues after the SEMICON India event ends.
- How the $13.4 billion semiconductor fund gets deployed to domestic manufacturers.
Coverage1
1 report
English national1
All filed from India
Named India · Avalon Technologies · Kaynes Technology · Syrma SGS Technology
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