# CG Power forms JV with Renesas and Stars for OSAT facility in India

CG Power and Industrial announced a joint venture with Renesas Electronics America and Stars Microelectronics to set up an outsourced semiconductor assembly and testing (OSAT) facility in India, with investments of $205 million, $15 million, and $2 million respectively.

- Type: Partnership
- Announced: 2024-02-09
- Where: India, India
- Value: $222.0M
- Status: announced
- Products: semiconductor assembly and testing services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Renesas Electronics America Inc.](https://endata.com/companies/32139.md) (partner)
- [CG Power and Industrial](https://endata.com/companies/75566.md) (partner)
- [Stars Microelectronics (Thailand)](https://endata.com/companies/75567.md) (partner)

## Sources

- [business-standard.com](https://www.business-standard.com/companies/news/cg-power-announces-jv-in-semiconductors-manufacturing-with-2-foreign-firms-124020901644_1.html), 2024-02-09: "CG Power and Industrial on Thursday announced teaming up with Renesas Electronics America and Stars Microelectronics (Thailand) to set up an outsourced semiconductor assembly and testing (OSAT) facility in India."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.