CG Power and Industrial Solutions Limited has informed the Exchange regarding a press release dated April 15, 2026, titled "Press Release".
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CG Power's wholly-owned subsidiary Axiro Semiconductor has invested in EdgeCortix, a Japan-based fabless semiconductor company that builds energy-efficient AI chips for edge computing. The investment is part of an extension of EdgeCortix's previously oversubscribed funding round, with Japan-based VC firm MPower Partners also participating as a co-investor. EdgeCortix is working on next-generation platforms including the SAKURA-X chiplet-based chip, aimed at generative and agentic AI workloads. Axiro will contribute its expertise in RF, mmWave, and advanced connectivity IC design, while gaining exposure to AI-driven infrastructure, industrial systems, robotics, and consumer electronics segments. The partnership opens collaboration pathways in Japan and other global markets for both companies.
Positive strategic move for CG Power as it deepens its semiconductor subsidiary's footprint in the high-growth edge AI segment and builds global technology partnerships. No immediate financial impact disclosed, but strengthens long-term growth narrative in deep-tech and AI semiconductors.