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Mohammed Shoaib

18th Jun 2025 · SEBI-Registered Analyst

Value Chain of Indian IT Hardware — Who Does What?

Ever wondered how India builds the digital hardware behind your laptop, 5G tower, or data center? Let’s decode the full IT hardware value chain- 1. 🎨 Chip Design Tata Elxsi MosChip Steradian Semiconductors → High-end R&D, signal processing, IPs 2. 🏭 Fabrication (Coming Up) Tower Semicon (Gujarat) HCL–Foxconn (Noida, ₹3,700 Cr) → India’s entry into true chip manufacturing 3. 🔧 Assembly / Production Dixon Tech VVDN Optiemus → Laptops, tablets, IoT devices, smartphones 4. 📡 Network & Infra Tejas Networks: Fiber, 5G, routers Netweb: HPC, data center servers Nelco: Satellite & defense comms 5. 🧠 Integration & Software E2E Networks R Systems → Infrastructure-as-a-service players for cloud deployment Conclusion: The hardware game isn’t just one company — it’s a layered chain. Each link is an investment opportunity.

#FundamentalViews#Miscellaneous#EquityResearch#PsychologyofMoney#MacroViews
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