CG Power Launches Axiro Semiconductor Design Centre in Bengaluru with $36 Million Investment

CG Power and Industrial Solutions has officially entered India’s semiconductor design space through its newly incorporated subsidiary, Axiro Semiconductor Private Limited. On April 15, 2025, the company inaugurated a fabless semiconductor design centre in Bengaluru, backed by a $36 million investment, according to news reports.

Strategic Entry into Semiconductor Sector

Axiro Semiconductor was incorporated in December 2024 to focus on the development of chip-level solutions for industrial and technology-driven applications. With this launch, CG Power strengthens its commitment to high-tech manufacturing and R&D innovation, targeting sectors such as 5G/6G telecommunications, defence, satellite communications and industrial IoT.

Axiro positions itself as one of India’s first large-scale fabless semiconductor companies, already shipping millions of integrated circuits (ICs) per month to global clients such as Ericsson, Nokia, Hughes and Siemens.

Facility Highlights and Expansion Plans

The new design facility in Bengaluru is equipped with advanced design labs, collaborative workspaces and infrastructure capable of supporting the doubling of Axiro’s R&D workforce by 2026. As a fabless firm, Axiro will focus exclusively on chip design and intellectual property development, while outsourcing chip fabrication to global foundries. This model enables greater scalability, cost efficiency and faster time-to-market.

Inauguration and Industry Presence

The centre’s inauguration was attended by several key representatives from both industry and government. Notable attendees included:

• Sushil Pal, CEO of ISM
• Vellayan Subbiah, Chairman of CG Power and Industrial Solutions
• R. R. Tiwary, Representative from MeitY
• Gauraw Srivastava, Representative from the Department of Telecommunications
• Dr. Naveen Yanduru, CEO of Axiro Semiconductor
• Anshumaan Ravi Swaminathan, Non-Executive Director of Axiro Semiconductor

These stakeholders highlighted the significance of this step toward enhancing India’s footprint in the global semiconductor ecosystem.

Future Outlook and Market Focus

According to company statements, Axiro aims to focus on high-demand areas such as artificial intelligence, automotive electronics and IoT, with plans to develop application-specific integrated circuits (ASICs) tailored to global market requirements. The initiative supports India’s broader semiconductor ambitions under national electronics and digital economy frameworks.

CG Power Share Price Performance

On April 15, 2025, CG Power share price opened at ₹589.90, up from the previous close of ₹572.40. It ended the day at ₹588.50, marking a 2.81% increase on the NSE. The company’s 52-week high was ₹874.70 on October 11, 2024, and the 52-week low was ₹479.25 on April 15, 2024.

Conclusion

With the launch of Axiro Semiconductor’s Bengaluru facility, CG Power has signaled its entry into the advanced semiconductor design space. This move aligns with India’s ambitions to become a major player in the global semiconductor value chain, while enhancing domestic capabilities in chip innovation.

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