News ArticleCG Power Subsidiary Axiro Semiconductor Leads Strategic Investment in ThinSiC Silicon Carbide Power Device Technology
Axiro joins as lead investor in ThinSiC's latest financing round and forms long-term commercial partnership to advance next-generation SiC power semiconductors
Axiro Semiconductor, a wholly owned subsidiary of CG Power and Industrial Solutions Limited, has made a strategic investment in ThinSiC Inc., a Silicon Valley company developing next-generation low-cost silicon carbide power semiconductors. This investment marks Axiro as the lead investor and initiates a long-term commercial partnership to support ThinSiC's technology development and commercialization, leveraging CG Power's extensive presence in India's power transmission and industrial sectors.
CG Power and Industrial Solutions Limited
New Ventures
Axiro Semiconductor Pvt. Ltd., wholly owned by CG Power and Industrial Solutions Limited, has become the lead investor in Silicon Valley-based ThinSiC Inc.'s latest financing round, focusing on low-cost silicon carbide power device technology. This marks a strategic partnership aimed at developing and commercially advancing ThinSiC's technology across India and beyond.
Axiro Semiconductor's investment aligns with its strategy to broaden its semiconductor portfolio to include power electronics, with silicon carbide devices seen as alternatives to traditional silicon components for applications such as rail traction, industrial drives, and grid infrastructure.
CG Power's substantial presence in India's power transmission and industrial infrastructure positions Axiro as a critical channel for introducing ThinSiC's technology to key markets.
ThinSiC Inc. specializes in developing a low-cost, high-voltage silicon carbide power device platform critical for electrification and industrial systems applications.
Leaders from both Axiro and ThinSiC emphasized the potential of silicon carbide technology to transform power electronics by overcoming cost and scalability barriers.
Highlights
- Axiro Semiconductor is a wholly owned subsidiary of CG Power and Industrial Solutions Limited and made the lead investment in ThinSiC Inc.
- ThinSiC develops next-generation low-cost high-voltage silicon carbide power devices based in Silicon Valley.
- The partnership includes a long-term commercial agreement to support technology development and market entry.
- Axiro expands its semiconductor portfolio into power electronics fields including rail, industrial, and grid sectors.
- CG Power's strong industrial presence in India enables strategic commercial deployment of ThinSiC's technology.
Key Data Snapshot
What happened
- Axiro Semiconductor, a wholly owned subsidiary of CG Power and Industrial Solutions Limited, invested as the lead investor in ThinSiC Inc.'s latest financing round.
- The investment includes a long-term commercial partnership to support the development and commercialization of ThinSiC's silicon carbide power device technology.
Strategic context
- Axiro aims to build a broad semiconductor portfolio extending from RF, mmWave, and advanced connectivity into power electronics.
- Silicon carbide is emerging as an alternative to silicon for high-voltage power electronics applications.
- CG Power's extensive presence in India's power transmission and industrial infrastructure provides a strategic commercial channel for ThinSiC technology.
Management commentary
- Dr. Naveen Yanduru, CEO of Axiro Semiconductor, highlighted the significance of silicon carbide for next-generation power electronics and the role of ThinSiC's cost-effective technology.
- T.S. Ravi, Founder and CEO of ThinSiC, emphasized the value of Axiro's industry expertise and access to CG Power's industrial group for accelerating commercial adoption.
Highlights
- Axiro Semiconductor is a wholly owned subsidiary of CG Power and Industrial Solutions Limited and made the lead investment in ThinSiC Inc.
- ThinSiC develops next-generation low-cost high-voltage silicon carbide power devices based in Silicon Valley.
- The partnership includes a long-term commercial agreement to support technology development and market entry.
- Axiro expands its semiconductor portfolio into power electronics fields including rail, industrial, and grid sectors.
- CG Power's strong industrial presence in India enables strategic commercial deployment of ThinSiC's technology.
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