CG Power & Industrial Solutions expands semiconductor push through Axiro
CG Power & Industrial Solutions is diving deeper into semiconductors, investing in AI-focused startups and chip design tech.
CEO Amar Kaul says the company is evaluating semiconductor design opportunities and acquisitions through its subsidiary Axiro, including a recent investment by Axiro Semiconductor and Japan-based venture capital fund MPower Partners in EdgeCortix, a company known for energy-efficient AI chips.
Gujarat plant scaling to 14.5 million daily
The big focus is on radio frequency (RF) chip design, but CG Power also sees huge potential as AI keeps growing fast.
Its new plant in Gujarat can already make 500,000 chips daily, with plans to scale up to 14.5 million per day by the end of 2026.
While semiconductor investments had an impact of ₹38 crore on quarterly margins, Kaul remains confident about long-term growth, saying the company is committed to building out its semiconductor business.