Disclosure under Regulation 30 of SEBI LODR, Regulations, 2015 in relation to the release made by the Press Information Bureau, Delhi.
Semiconductor ATMP unit for specialized chips:
CG Power, in partnership with Renesas Electronics Corporation, Japan and Stars
Microelectronics, Thailand will set up a semiconductor unit in Sanand, Gujarat.
Investment: This unit will be set up with an investment of Rs.7,600 crore.
Technology partner: Renesas is a leading semiconductor company focussed on specialised
chips. It operates 12 semiconductor facilities and is an important player in microcontrollers,
analog, power, and System on Chip (‘SoC)’ products.
Segments covered: The CG power semiconductor unit will manufacture chips for consumer,
industrial, automotive and power applications.
Capacity: 15 million per day
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CG Power and Industrial Solutions Limited, Renesas, and Stars
Microelectronics, to Jointly Build Outsourced Semiconductor
Assembly and Test Facility in India
9925f477-4b72-4426-87c8-0b1b89c4313c.pdf (bseindia.com)
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a0c9f4c5-acf2-427c-ba3c-58c7072e4be3.pdf (bseindia.com)
Acquires RF(Radio Frequency) Business of Renesas. Renesas is their partner in the Sanand OSAT.
Revenue: $ 56 M. Purchase Price: $36 M.
We need to check the profitability and growth trajectory of the business, which, if we look at the purchase price consideration, should not be very high. Also, RF is a mature industry, so margins may be slim. Still in the right direction considering they want to get deeper in chip design business.
These are the products I think they will be getting. I am not sure about Microwave products whether they are included in the deal. Need to check.
Also they do have some products for 5G Bands.
RF Products | Renesas
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GG Tronics (subsidiary company) wins 500-600 cr Kavach order to be executed in 1 year
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