📋 Tender Overview
Scope : To Set up an Outsourced Semiconductor Assembly and Testing (OSAT) Facility in India.
The Tamil Nadu-based Murugappa Group-owned CG Power and Industrial Solutions has entered into a joint venture pact with Renesas Electronics America and Stars Microelectronics (Thailand) Public Co to set up an Outsourced Semiconductor Assembly and Testing (OSAT) facility in India. The specific site or the choice of state for the semiconductor assembly plant has not been announced.
As per a regulatory filing on February 8, CG Power, Renesas Electronics America and Stars Microelectronics plan to invest, in one or more tranches, up to US$ 205 million, $15 million and $2 million respectively, towards equity capital of the joint venture company representing approximately 92.34%, 6.76%, and 0.90% respectively.
The estimated investment on the project for a period of five years is US$791 million, which is expected to be funded by a combination of subsidy, equity contribution and debt as required.
Partners :
Renesas Electronics America
Address : 1001 Murphy Ranch Rd,
Milpitas, CA 95035,
United States
Phone: +1 408-432-8888
Website : https://www.renesas.com/
Stars Microelectronics (Thailand)
Address : Bang Pa-In Industrial Estate
(I-EA-T Free Zone)
605-606 Moo 2, Klongjig, Bang Pa-In
Ayutthaya 13160,
Thailand
Tel : +66 (0)35-258-555
Fax : +66 (0)35-258-914
Website : https://starsmicro.com/
