CG Power acquires Renesas Electronics' RF components business for $36M, pending regulatory approvals.

CG Power and Industrial Solutions, part of India's Murugappa Group, will acquire Renesas Electronics' Radio Frequency components business for $36 million. This deal, expected to finalize in six months pending regulatory approvals, will enhance India's role in the semiconductor sector by acquiring intellectual property, assets, and select employees. The acquisition aims to strengthen CG Power's capabilities in semiconductor design and development.

October 05, 2024
7 Articles