CG Power to acquire Radio Frequency components biz of Renesas for $36 million

CG Power has entered an agreement to acquire the Radio Frequency (RF) components business of Renesas Electronics for $36 million. The acquisition is aimed at bolstering CG Power’s portfolio in the high-frequency component market, enhancing its capabilities in wireless communication technologies. This strategic move is part of the company’s broader plan to strengthen its position in global markets, particularly in sectors requiring advanced RF solutions, such as telecommunications and defense.