CG Power Joins India's Chip Race

  • CG Power Partners Up: CG Power and Industrial Solutions Ltd. is teaming up with Renesas Electronics and Stars Microelectronics to set up an Outsourced Semiconductor Assembly and Test (OSAT) facility.
  • Focus on "Make in India": Located in Sanand, Gujarat, the plant will produce 15 million units daily, supporting domestic manufacturing and global markets.
  • ₹7600 Crore Investment: This joint venture signifies CG's commitment to India's semiconductor mission, aiming to address chip shortages and boost self-reliance.
  • Specialized Chip Production: The facility will cater to the automotive and 5G industries, aligning with India's technological advancements.
  • Strengthening the Ecosystem: CG's entry, alongside other initiatives, paves the way for a robust domestic semiconductor industry.

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