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CG Power & Industrial Solutions announced that the company has entered into a definitive agreement to acquire the radio frequency (RF) components business of Renesas Electronics Corporation (Renesas), a leading provider of advanced semiconductor solutions . To this end, an asset purchase agreement for the company was signed on October 4, 2024 between the company and Renesas Electronics America Inc., a subsidiary of Renesas, and other affiliated entities of Renesas, which own active in the RF components sector. Said businesses will be acquired by entities to be created by CG, upon fulfillment of customary conditions and applicable regulatory approvals.
Through this transaction, CG will acquire intellectual property (IP), tangible assets and select transferred employees in various functions such as semiconductor design, marketing, applications, etc. related to the activity of RF components.
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First publication: October 5, 2024 | 10:30 a.m. STI