Introduction:
Leading semiconductor company has expanded its global footprint by incorporating a step-down wholly-owned subsidiary in Shenzhen, China. This strategic move strengthens its presence in the growing semiconductor market, enhancing innovation, manufacturing capabilities, and global supply chain efficiencies.
Also Read: IT stock with strong revenue growth guidance for FY25 to keep a watch on
Share price movement of CG Power:
On March 24, 2025, CG Power and Industrial Solutions Ltd opened at ₹643.05, up 0.30% from its previous close of ₹641.15. The stock reached a high of ₹657.45 (2.54%) and a low of ₹642.80. By 9:51 AM, it traded at ₹643.05, with a market cap of ₹98,313.95 crore.
CG Power Expands Semiconductor Presence in China:
CG Power and Industrial Solutions Limited has strengthened its presence in China by incorporating Axiro Semiconductor (Shenzhen) Co., Ltd. on March 20, 2025. This step-down wholly-owned subsidiary enhances its strategic positioning in the rapidly growing semiconductor market.
Axiro Semiconductor (Shenzhen) Co., Ltd. was established by Axiro Semiconductor Private Limited, a wholly-owned subsidiary of CG Power. This move aligns with CG Power’s expansion strategy, leveraging China’s advanced semiconductor ecosystem and reinforcing its global supply chain capabilities.
With this latest development, CG Power aims to enhance innovation and manufacturing efficiencies in China. The expansion is expected to drive long-term growth and strengthen its leadership in the semiconductor sector, catering to rising global demand.
Recent news on CG Power:
As of March 12, 2025, CG Power and Industrial Solutions Ltd received U.S. regulatory approval for its $36 million acquisition of Renesas Electronics’ RF components business, strengthening its semiconductor capabilities and expanding its global market presence.
Stock performance of CG Power for Period of 1 week, 6 months, and 1 year:
CG Power and Industrial Solutions Ltd delivered a 5.11% gain over the past week, despite a 17.4% decline in six months. However, the stock maintained strong long-term growth, posting a 19.6% return over the past year.
Also Read: Steel stocks with low PE ratio to keep on your radar
Shareholding pattern of CG Power:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 58.10% | 58.10% | 58.10% |
| FII | 14% | 15% | 15% |
| DII | 12% | 11% | 11% |
| Public | 15.70% | 15.90% | 16.20% |
About CG Power:
CG Power & Industrial Solutions Ltd (NSE: CGPOWER) is a global provider of energy-efficient solutions for utilities, industries, and consumers. Operating in Power and Industrial Systems, it delivers advanced products, services, and solutions for sustainable electrical energy management.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
