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

flag CG Power and Industrial Solutions, part of India's Murugappa Group, will acquire Renesas Electronics' Radio Frequency components business for $36 million. flag 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. flag The acquisition aims to strengthen CG Power's capabilities in semiconductor design and development.

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