Business Update29 Feb 2024, 11:09 pm
CG Power and Industrial Solutions Ltd receives approval for Rs.7600 crore semiconductor unit in Gujarat
AI Summary
The company has received approval from the Union Cabinet for setting up a semiconductor unit in Sanand, Gujarat, with an investment of Rs.7,600 crore. The unit will be set up in partnership with Renesas Electronics Corporation, Japan and Stars Microelectronics, Thailand, and will manufacture chips for consumer, industrial, automotive and power applications.,
Key Highlights
- Rs.7,600 crore investment in semiconductor unit
- Partnership with Renesas Electronics Corporation and Stars Microelectronics
- Manufacturing of chips for various applications
- Union Cabinet approval