Axiro Semiconductor has had a good year.

The spearhead of Chennai-based Murugappa Group’s entry into chipmaking contributed about Rs 500 crore to the top line of its parent CG Power in FY26. This comprised 4% of CG Power’s revenue, and CEO Naveen Yandaru expects Axiro’s revenue to grow by 25% in FY27.

Not a bad start for a year-old company that could emerge, in short order, as a key component of India’s ambitious plan to host a globally competitive semiconductor industry.

Axiro is the fundamental layer in the fabless........

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