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CG Power's semiconductor subsidiary, CG Semi, has commenced commercial shipments

ICICIdirect Research 01 Jul 2026 DISCLAIMER

News: CG Power's semiconductor subsidiary, CG Semi, has commenced commercial shipments of assembled semiconductor chips from its pilot OSAT (Outsourced Semiconductor Assembly and Test) facility in Sanand, Gujarat to Kuala Lumpur. The company is setting up a ₹7,600 crore OSAT facility in partnership with Renesas Electronics and Stars Microelectronics, with the pilot G1 facility currently having a capacity of ~0.5 million units/day, while the larger G2 facility is expected to be operational by end-2026.

View: The commencement of commercial shipments marks a key execution milestone for CG Power's semiconductor business and validates the progress of its OSAT facility. Backed by Renesas as an anchor customer, the development supports a gradual scale-up of the semiconductor business, although meaningful financial contribution is expected only as capacity ramps up over the medium term

Impact: Positive

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