CG Power, Renesas and Stars Microelectronics to set up OSAT facility in India

CG Power and Industrial Solutions has entered into a joint venture with Renesas Electronics America and Stars Microelectronics to set up an Outsourced Semiconductor Assembly and Testing (OSAT) facility in India, with a total estimated investment of US$791 million over five years.

“CG Power, Renesas Electronics America and Stars Microelectronics plan to invest, in one or more tranches, up to US$ 205 million, $15 million and $2 million respectively, towards equity capital of the joint venture company”autocarpro.in

• 2 sources
• autocarpro.inMurugappa Group's CG Power to set up chip plant in India | Autocar ProfessionalAutocar Professional BureauFeb 10, 2024
• powersemiconductorsweekly.comCG Power and Industrial Solutions, Renesas Electronics and Stars Microelectronics to Establish a Joint OSAT Venture in India - Power Semiconductors WeeklyAlexey CherkasovMar 5, 2024

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