BUZZ - Indian semiconductor stocks surge as investment plan reaches $13.5 billions

September 18 - ** India's "Semiconductor Plan 2.0" has a budget of $13.5 billion, higher than the previous plan's $8 billion

** Semiconductor stocks are rising; Avalon AVAL.NS is up more than 10%, Syrma SYRM.NS is up 7.8%, Cyient DLM CYIT.NS is up 4%, Kaynes KAYN.NS is up 1%

** Kaynes signed two memoranda of understanding on advanced packaging assembly and testing

** Kotak said that government approvals, financing arrangements, and improvements in working capital intensity remain key to the company's development

** The institution added that Avalon and Cyient will be the main beneficiaries of the development of India's semiconductor ecosystem and have growth potential in the power box assembly sector

** Syrma will form a joint venture with South Korea's Shinhyup Electronics to build a printed circuit board manufacturing plant, expected to be operational in fiscal year 2027

** JPMorgan said the government is working to advance reforms in the semiconductor industry, adding two commercial plants with investment commitments covering chemicals, wafers, substrates, and other areas

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