Meet 21 Semiconductor Startups Powering India’s Technological Prowess

• Chinmay
• January 29, 2025
• News, Semiconductor Industry
• AI acceleration, AI chips, chip manufacturing, Fabless Design, India’s semiconductor growth, IoT hardware, RISC-V processors, semiconductor funding, semiconductor innovation, Semiconductor startups
• 0 Comments

India’s semiconductor industry is experiencing rapid growth, fueled by government initiatives like the Semicon India programme and the Design Linked Incentive (DLI) scheme. With a projected $150 billion market opportunity by 2030, semiconductor startups are shaping the future of electronics, AI, IoT, and high-performance computing.

The Rise of India’s Semiconductor Ecosystem

• Semicon India Programme: Launched with an INR 76,000 Cr investment to boost semiconductor fabs and design capabilities.
• DLI Scheme: Provides financial and infrastructure support for ICs, chipsets, SoCs, and semiconductor-related designs.
• ‘Make in India’ Initiative: Encourages local semiconductor manufacturing, reducing reliance on imports.
• Global Collaborations: Partnerships with AMD, Micron, Qualcomm, and Tata Group are driving innovation.

21 Indian Semiconductor Startups Leading the Charge

1. AGNIT Semiconductors – Specializes in Gallium Nitride (GaN) components for defense & telecom applications.
2. Aura Semiconductor – Develops high-performance ICs for IoT radios, timing, and portable audio.
3. Blueberry Semiconductors – Focuses on VLSI design, AI, ML, and IoT solutions.
4. CalligoTech – Created TUNGA, an 8-core Posit-enabled RISC-V CPU.
5. Chipspirit – Offers custom ASIC design and hardware security solutions.
6. Cientra – Specializes in VLSI, SoCs, and 5G IoT aggregators.
7. FermionIC Design – Develops RF communication ICs and SerDes products.
8. Incore Semiconductors – Builds RISC-V processor cores.
9. Mindgrove Technologies – Focuses on indigenous RISC-V SoCs for IoT applications.
10. Morphing Machines – Developed REDEFINE, a many-core SoC platform for AI & big data.
11. Netrasemi – Designs Edge AI semiconductors for smart IoT and vision applications.
12. Oakter – Manufactures smart devices and EV charging solutions.
13. RRP Electronics – Launched Maharashtra’s first semiconductor OSAT/ATMP facility.
14. Saankhya Labs – India’s first fabless semiconductor startup focused on 5G and satellite communications.
15. Sensesemi – Develops AI-powered edge processing SoCs.
16. SignOff Semiconductors – Specializes in VLSI, AI, ML, and IoT chip design.
17. Silectric Semiconductor – A Zoho semiconductor venture focused on SiC fabrication.
18. Silizium Circuits – Designs analog RF IP for 5G, AI, and GNSS applications.
19. Terminus Circuits – Develops high-speed SerDes solutions for big data, AI, and 5G.
20. VASBEAM – Innovates in electronically steered antennas (ESA) and radar systems.
21. Vervesemi – A fabless startup developing ASICs for sensors, wireless, and medical applications.

Accelerating Semiconductor Innovation in India

With investments, policy support, and cutting-edge R&D, these startups are driving India’s technological self-reliance. As semiconductor demand continues to surge, Indian startups are well-positioned to compete globally.