# CG Power incorporates step-down subsidiary Axiro Semiconductor Inc. in USA

CG Power & Industrial Solutions announced that its wholly-owned Indian subsidiary Axiro Semiconductor incorporated a wholly-owned subsidiary, Axiro Semiconductor Inc., in Delaware, USA on 23 December 2024, as part of the proposed acquisition of Axiro Semiconductor.

- Type: Acquisition
- Announced: 2024-12-24
- Where: Delaware, United States
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [CG Power and Industrial Solutions](https://endata.com/companies/16858.md)
- [Axiro Semiconductor](https://endata.com/companies/82000.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/markets/capital-market-news/cg-power-announces-incorporation-of-step-down-subsidiary-axiro-semiconductor-inc-124122400643_1.html), 2024-12-24: "CG Power & Industrial Solutions announced that as part of the proposed acquisition Axiro Semiconductor, a wholly-owned Indian Subsidiary of the Company, has incorporated a wholly-owned Subsidiary in the State of Delaware, USA, namely Axiro Semiconductor Inc. on 23 December 2024."

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