CG Power buys RF components biz for $36 million

CG Power and Industrial Solutions (CG), part of the Murugappa Group, on Saturday said it has acquired the radio frequency (RF) components business of Renesas Electronics Corporation (Renesas), a supplier of advanced semiconductor solutions for $36 million.

Towards this, an asset purchase agreement for the business was executed on October 4, 2024 between CG Power and Industrial Solutions and Renesas Electronics America, a subsidiary of Renesas, and other affiliated entities of Renesas, that have assets in the RF components business.