Axiro Semiconductor Invests in ThinSiC Inc.

Axiro Semiconductor Pvt. Ltd., a wholly owned subsidiary of CG Power and Industrial Solutions Limited, has made a strategic investment in ThinSiC Inc., a US-based semiconductor company focused on next-generation silicon carbide (SiC) power devices. Axiro joins ThinSiC as the lead investor in its latest financing round and has entered into a long-term commercial partnership. This investment aligns with Axiro's strategy to expand its semiconductor portfolio into power electronics, particularly SiC technology, which is gaining traction for applications in rail traction, industrial drives, and grid infrastructure. Axiro, leveraging CG Power's extensive presence in India, is positioned to act as a commercial channel for ThinSiC's technology in the Indian market and beyond. The partnership aims to accelerate the commercialization of ThinSiC's advanced SiC devices by addressing cost and scalability challenges.