CG Power Shares Rise Sharply on Plan for Chip JV with Japan, Thai Partners [MarketWatch]
RENESAS ELECTRON UNSP/ADR (RNECY)
NASDAQ:AMEX Investor Relations:
renesas.com/en-us/about/ir.html
Company Research
Source: MarketWatch
Shares were recently 5.0% higher at 465.95 Indian rupees on Friday after rising as much as 11% earlier. Advertisement CG Power said Thursday after market close that the Indian government had approved the joint-venture project to build and operate a semiconductor assembly and testing facility in Gujarat that will cater to customers in auto, industrial, and 5G industries. "CG's entry into the semiconductor manufacturing marks a strategic diversification for us," said CG Power Chairman Vellayan Subbiah. "We are very keen to build out India's semiconductor capability and ecosystem." The Mumbai-based electrical engineering company will own a 92.3% stake in the joint venture, while Japan's Renesas Electronics will hold a 6.8% stake and Thailand's Stars Microelectronics will have a 0.9% interest. The joint venture plans to invest INR76.00 billion ($916.7 million) over five years, CG Power said. Write to Kosaku Narioka at kosaku.narioka@wsj.com
Show less
Read more
Impact Snapshot
Event Time:
RNECY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RNECY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RNECY alerts
High impacting RENESAS ELECTRON UNSP/ADR news events
Weekly update
A roundup of the hottest topics
RNECY
News
- Renesas Reports Financial Results for the First Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Renesas Announces Consolidated ForecastsBusiness Wire
- Renesas Reports Financial Results for the First Quarter Ended March 31, 2024Business Wire
- Renesas’ New FemtoClock™ 3 Timing Solution Delivers Industry’s Lowest Power and Leading Jitter Performance of 25fs-rmsBusiness Wire
- Renesas Commences Operations of Kofu Factory as Dedicated 300-mm Wafer Fab for Power Semiconductors [Yahoo! Finance]Yahoo! Finance