CG Power and Industrial Solutions Limited — Important, 12-03-2025: Updates

Approval has been secured from the Committee on Foreign Investment in the United States for CG Power and Industrial Solutions' acquisition of the Radio Frequency (RF) Components business from Renesas Electronics America Inc. and its affiliates. This approval is a crucial step in the acquisition process initiated through an Asset Purchase Agreement. Subsequent to this development, CG Power is expected to proceed with the necessary corporate structuring, including forming subsidiaries to facilitate the acquisition. This strategic move potentially enhances CG Power’s market position and strengthens its portfolio in the RF components sector. Investors should watch closely as this acquisition unfolds, as it could open avenues for growth and innovation in a rapidly evolving technology landscape.