Press Release
Axiro Semiconductor, CG Power's wholly owned subsidiary, invested in ThinSiC Inc., a Silicon Valley firm developing low-cost silicon carbide power devices.
- Axiro is lead investor in ThinSiC's latest financing round.
- Entered long-term commercial partnership to develop and commercialize ThinSiC's SiC technology.
- Investment expands Axiro's semiconductor portfolio into power electronics.
- Leverages CG Power's presence in India's power transmission and industrial infrastructure.
- Axiro aims to address cost and scalability barriers in SiC adoption.
- ThinSiC values Axiro's semiconductor expertise and industrial group access.
Source: Original filing PDF
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