CG Power and Industrial Solutions Limited’s wholly-owned subsidiary, Axiro Semiconductor Pvt. Ltd., has announced a strategic investment in ThinSiC Inc. This investment positions Axiro as a lead investor in ThinSiC’s latest financing round and establishes a long-term commercial partnership. The collaboration aims to accelerate the development and commercialization of ThinSiC’s next-generation, low-cost silicon carbide (SiC) power devices, crucial for advanced power electronics in sectors like rail traction and grid infrastructure.
Strategic Investment in Next-Gen Semiconductors
Axiro Semiconductor Pvt. Ltd., a wholly-owned subsidiary of CG Power and Industrial Solutions Limited, has made a strategic investment in ThinSiC Inc., a Silicon Valley-based company focused on next-generation low-cost silicon carbide (SiC) power devices. This move signals a significant expansion for Axiro into the burgeoning power electronics market.
Partnership to Drive Commercialization
As a lead investor in ThinSiC’s latest financing round, Axiro Semiconductor is also entering into a long-term commercial partnership. This collaboration is designed to bolster the development and commercialization of ThinSiC’s SiC power device technology. The investment aligns with Axiro’s strategy to build a comprehensive semiconductor portfolio that now includes power electronics, complementing its existing expertise in RF, mmWave, and advanced connectivity.
Leveraging Synergies for Market Growth
Dr. Naveen Yanduru, CEO of Axiro Semiconductor, highlighted the conviction that silicon carbide is pivotal for future power electronics, with cost being a major adoption barrier. He stated, “ThinSiC’s technology addresses exactly the cost and scalability challenges that have held high-voltage SiC back.” The partnership aims to leverage CG Power’s extensive presence in India’s power transmission and industrial infrastructure to create a strategic commercial channel for ThinSiC’s innovations.
T.S. Ravi, Founder and CEO of ThinSiC Inc., expressed enthusiasm for the partnership, noting Axiro’s semiconductor expertise, strategic vision, and access to a leading Indian industrial group, which will expedite the commercialization of their advanced SiC devices.
About the Companies
Axiro Semiconductor Pvt. Ltd. is a wholly-owned subsidiary of CG Power and Industrial Solutions Limited, focusing on high-performance semiconductor capabilities in RF, mmWave, and advanced connectivity, with an expansion into power electronics. Headquartered in Bengaluru, India, Axiro is part of the Murugappa Group.
ThinSiC Inc. is a Silicon Valley-based company developing a low-cost, high-voltage silicon carbide power device platform for applications in electrification, power transmission, and industrial systems. It is headquartered in Santa Clara, California.
Source: BSE
