# CG Power to acquire Renesas' RF components business for $36 million

CG Power and Industrial Solutions signed an asset purchase agreement to acquire the Radio Frequency components business of Renesas Electronics America Inc for $36 million. The acquisition includes IP, tangible assets, and employees, and is expected to close in about 6 months.

- Type: Acquisition
- Announced: 2024-10-04
- Where: United States
- Value: $36.0M
- Status: announced
- Products: Radio Frequency components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [CG Power and Industrial Solutions](https://endata.com/companies/16858.md) (acquirer)
- [Renesas Electronics Corporation](https://endata.com/companies/19562.md) (target)
- [Renesas Electronics America Inc.](https://endata.com/companies/32139.md) (partner)
- [Renesas Electronics America Inc.](https://endata.com/companies/32139.md) (target)

## Sources

- [thehindu.com](https://www.thehindu.com/business/Industry/cg-power-to-acquire-radio-frequency-components-biz-of-renesas-for-36-million/article68722700.ece), 2024-10-05: "Through this acquisition, we aim to enhance India’s presence in the semiconductor design & development space, considered to be a high-growth and high-profitability sector."
- [business-standard.com](https://www.business-standard.com/markets/capital-market-news/cg-power-climbs-after-inking-pact-to-acquire-renesas-rf-component-biz-124100700639_1.html), 2024-10-07: "This agreement with CG will provide the opportunity for our RF team to expand."

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