CG Power & Industrial Solutions is set to acquire the Radio Frequency (RF) components business of Renesas Electronics, a leading semiconductor solutions provider. The agreement was signed on October 4, 2024, with Renesas Electronics America Inc. and its affiliates. The deal includes the transfer of intellectual property, tangible assets, and key employees involved in semiconductor design, marketing, and applications. CG Power will establish new entities to finalize the acquisition, which is subject to regulatory approvals and other conditions. This acquisition will strengthen CG Power's technology portfolio.