CG Semi Begins Chip Shipments from India to Malaysia

semiconductor manufacturing CG Semi Murugappa Group

Quick Look

Murugappa Group's CG Semi has started shipping assembled chips from its Sanand facility to Kuala Lumpur, marking a significant step in India's semiconductor manufacturing ecosystem development.

AI-generated summary

Why It Matters

India's mission to create an ecosystem for semiconductor manufacturing and assembling began from scratch four years ago.

Font size

Murugappa Group-owned CG Semi has begun shipments of assembled chips from its Sanand facility to Kuala Lumpur to service clients of JV partner Renesas, people aware of the developments told ET.

This marks a new milestone in India’s mission to create an ecosystem for semiconductor manufacturing and assembling, which began from scratch just four years ago.

“The first commercial shipment from CG Semi’s pilot outsourced semiconductor assembly and

Open Questions

What is the volume of these initial shipments?
What specific types of chips are being shipped?

Taxpayers filing updated income tax returns are facing incorrect interest charges under Section 234B. The Centralised Processing Centre (CPC) calculates interest up to the processing date, not the tax payment date, leading to excess demands. The law mandates interest cessation upon full tax payment before filing.

Economic Times

Developing·39m ago

GST Maturity Positive, But Businesses Seek Simplification and Faster Dispute Resolution

A KPMG in India-FICCI survey indicates positive business sentiment towards GST after 9 years, highlighting its maturity through digitization and transparency. However, businesses prioritize simplification, certainty, faster dispute resolution, and seamless credit flow for further reform.

Economic Times

Developing·56m ago

How Asia’s Oldest Stock Exchange Became India’s Market Pulse

The Bombay Stock Exchange (BSE), India's oldest stock exchange, celebrates 151 years. From its humble beginnings under a banyan tree to its current status as a global financial powerhouse, the BSE has mirrored India's economic transformation, facilitating capital raising for businesses and wealth creation for investors.

Times of India

Business·1h ago

Inside Taylor Swift's Multimillion-Dollar Real Estate Empire

Taylor Swift has amassed a real estate portfolio estimated to be worth over $100 million, featuring properties across Pennsylvania, Tennessee, California, Rhode Island, and New York, reflecting her career evolution.

Times of India

Developing·1h ago

Microsoft Announces Layoffs, Cuts Around 4,800 Jobs

Microsoft is cutting approximately 4,800 jobs, about 2.1% of its global workforce, primarily impacting sales and Xbox teams. Affected US employees will receive severance packages including up to 39 weeks of pay, continued stock vesting, and paid health insurance.

Times of India

More on this topicsemiconductor manufacturing

CG Semi Begins Chip Shipments from India to Malaysia

Quick Look

Why It Matters

Open Questions

Related Topics

Related Stories

Maruti Suzuki Plans to Add 500 New Service Points in India This Fiscal Year

Updated ITRs Face Incorrect Interest Charges Due to CPC Processing Delays

GST Maturity Positive, But Businesses Seek Simplification and Faster Dispute Resolution

How Asia’s Oldest Stock Exchange Became India’s Market Pulse

Inside Taylor Swift's Multimillion-Dollar Real Estate Empire

Microsoft Announces Layoffs, Cuts Around 4,800 Jobs