India's semiconductor boom: how to separate the wheat from the chaff

Of the three broad stages in the semiconductor value chain – design, fabrication, assembly and testing, the strongest commercialization so far has been in assembly and testing. “Near-term, ATMP/OSAT is where the investable opportunity actually is,” said Tanvi Kanchan, associate director at Anand Rathi Shares & Stock Brokers. ATMP is assembly, testing, marking, and packaging, OSAT is outsourced assembly and testing.