CG Power and Industrial Solutions Limited — Others, 06-06-2025: Rumour Verification - Regulation 30(11)

CG Power has clarified that operational issues at Wolfspeed will not impact its joint venture with Renesas Electronics and Stars Microelectronics. Renesas affirmed continued support for CG Semi, ensuring that production and partnerships remain stable. The company’s focus on India and the “Make in India” initiative remains strong, with no anticipated supply chain disruptions from Wolfspeed’s troubles. This confirmation supports a stable outlook for CG Power’s semiconductor business and investor confidence.