# 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.

- Type: Partnership
- Announced: 2024-02-08
- Where: Sanand, Gujarat, India, India
- Value: $791.0M
- Status: announced
- Capacity: 15 million units per day
- Products: semiconductor assembly and testing services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [CG Power and Industrial Solutions](https://endata.com/companies/16858.md)
- [CG Power and Industrial Solutions](https://endata.com/companies/16858.md) (partner)
- [Renesas Electronics Corporation](https://endata.com/companies/19562.md) (partner)
- [Renesas Electronics America Inc.](https://endata.com/companies/32139.md) (partner)
- [Stars Microelectronics (Thailand)](https://endata.com/companies/75567.md) (partner)
- [Stars Microelectronics](https://endata.com/companies/75944.md) (partner)

## Sources

- [autocarpro.in](https://www.autocarpro.in/news-national/cg-power-to-set-up-chip-plant-in-india-with-renesas-and-stars-microelectronics-119148), 2024-02-10: "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"
- [powersemiconductorsweekly.com](https://www.powersemiconductorsweekly.com/2024/03/05/cg-power-and-industrial-solutions-renesas-electronics-and-stars-microelectronics-to-establish-a-joint-osat-venture-in-india/), 2024-03-05: "CG's entry into the semiconductor manufacturing marks a strategic diversification for us."

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