Archive · 29 Jul 2026

Murugappa Group Transforms from Bicycles to Semiconductors in Gujarat

Murugappa Group Transforms from Bicycles to Semiconductors in Gujarat

The Murugappa Group, known for its Hercules bicycles, has transformed into a semiconductor chip manufacturer in Gujarat's Sanand district.

The company, CG Semi, is a joint venture with Japan's Renesas Electronics and Thailand's Star Microelectronics.

Prime Minister Narendra Modi launched the commercial production of semiconductor chips on July 4, 2026.

The facility, established with an investment of Rs 7600 crore, is notable for its predominantly female workforce.

Women from various states in India were trained in Malaysia to operate the semiconductor plant.

The company aims to supply chips to both domestic and international markets, promoting women's empowerment and technological advancement in India.

Sources