CG Power’s big leap of faith: Its semiconductor bet
CG Power & Industrial Solutions is making one of the biggest strategic bets in its history by pivoting into semiconductors, hoping that that India’s emergence as a global electronics manufacturing hub and the world’s growing demand for chips will create a new long-term growth engine beyond its traditional electrical equipment business.
As its semiconductor subsidiary, CG Semi Pvt. Ltd., commenced commercial production at its first outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat, it has crossed a key milestone.
