CG Power and Industrial Solutions’ wholly owned subsidiary -- Axiro Semiconductor has invested in ThinSiC Inc., a Silicon Valley-based semiconductor company developing next-generation low-cost silicon carbide (SiC) power devices. Axiro joins ThinSiC as Lead Investor in its latest financing round and enters into a long-term commercial partnership to support the development and commercialisation of ThinSiC's silicon carbide power device technology.
The investment advances Axiro's strategy of building a broad, high-performance semiconductor portfolio - anchored in its core RF, mmWave, and advanced connectivity capabilities and now extending into power electronics, where silicon carbide is emerging as a viable alternative to silicon for applications in rail traction, industrial drives, and grid infrastructure. Through the company's deep presence across India's power transmission and industrial infrastructure, Axiro is uniquely positioned to serve as a strategic commercial channel for ThinSiC's technology in India and beyond.
CG Power and Industrial Solutions is an engineering conglomerate with an impressive and diverse portfolio of products, solutions and services for Power and Industrial equipment and solutions, addressing myriad needs.
