Axiro Semiconductor invests in ThinSiC
Key Highlights
CG Power and Industrial Solutions subsidiary Axiro Semiconductor has invested in ThinSiC to support silicon carbide power device technology.
CG Power and Industrial Solutions has invested in ThinSiC Inc. through its wholly owned subsidiary, Axiro Semiconductor. Axiro joined the Silicon Valley-based firm as the lead investor in its latest financing round. This move marks a long-term commercial partnership between the two companies to support the development and commercialisation of silicon carbide power device technology.
Axiro Semiconductor intends to use this investment to expand its semiconductor portfolio. The company currently focuses on RF, mmWave, and advanced connectivity capabilities. By entering the power electronics sector, it aims to explore silicon carbide as an alternative to silicon for rail traction, industrial drives, and grid infrastructure applications.
CG Power and Industrial Solutions stated that Axiro is positioned to act as a strategic commercial channel for ThinSiC technology. The company plans to leverage its existing presence across India’s power transmission and industrial infrastructure to distribute these products. ThinSiC specializes in developing low-cost silicon carbide power devices.
Based on company and agency reports. For information only; not investment advice.