Mumbai, Sept. 2 -- The stock has jumped 11.23% over the past three sessions from its recent closing low of Rs 663.65 on 28 August 2025, following the company's subsidiary, CG Semi has launched its first outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat, to offer solutions for packaging technologies.

Backed by central and state government support, and in collaboration with Renesas and Stars Microelectronics, CG Semi is investing over Rs 7,600 crore ($870 million) over five years to develop two facilities (G1 and G2) in Sanand, Gujarat.

The G1 facility, inaugurated on 28th August 2025, will operate at a peak capacity of approximately 0.5 million units per day. It is equipped to handle end-to-end chip assembly, ...