CG Power & Industrial Solutions Ltd has announced the incorporation of Axiro Semiconductor Inc., a step-down wholly-owned subsidiary located in Delaware, USA. The development comes as part of the company’s strategic expansion through its Indian subsidiary, Axiro Semiconductor Private Limited.

Key Details:

• Subsidiary Structure: Axiro Semiconductor Inc. was established as a fully-owned subsidiary of Axiro Semiconductor Private Limited, which is an Indian subsidiary wholly owned by CG Power.
• Location and Date: The new entity was incorporated in the state of Delaware, USA, on December 23, 2024.
• Strategic Importance: This move aligns with CG Power’s focus on global expansion and entry into the semiconductor industry, highlighting its commitment to diversifying operations and tapping into advanced technological markets.

This announcement underscores CG Power’s strategy to strengthen its foothold in global markets while advancing its innovation capabilities.