CG Power Expands Into Semiconductor Space Via Strategic Partnership

CG Power and Industrial Solutions’ subsidiary, Axiro Semiconductor, has become the lead investor in ThinSiC Inc., a Silicon Valley firm specializing in silicon carbide technology.
This partnership secures a long-term commercial tie-up, targeting the development and rollout of cost-effective, high-voltage power devices for infrastructure sectors.

Reader Takeaway: Expansion into power semiconductors provides long-term growth, though technology commercialization and scalability risks remain for the project.

What just happened

Axiro Semiconductor Private Limited, a wholly owned unit of CG Power, has finalized its role as the lead investor in the latest financing round for Santa Clara-based ThinSiC Inc. Beyond the capital infusion, the firms have inked a long-term commercial partnership. The objective is to co-develop and commercialize high-voltage silicon carbide (SiC) power devices, a critical component for electrification that addresses performance limitations of traditional silicon.

Why this matters

Silicon carbide is increasingly favored in industrial drives, grid infrastructure, and rail traction due to its superior power efficiency. By partnering with ThinSiC, CG Power transforms from a consumer of power electronics into a strategic participant in their design. The company plans to utilize its robust presence in India’s power transmission and industrial sectors as a primary commercial channel for these new semiconductor products.

The backstory

Axiro Semiconductor, headquartered in Bengaluru, has primarily focused on RF, mmWave, and advanced connectivity IC design. This investment signals a broader shift in strategy to include power electronics, aligning with the group's wider expertise in power systems and industrial machinery. Silicon carbide has historically been expensive to scale, and this collaboration seeks to lower those barriers for mass adoption.

Risks to watch

Investors should monitor the integration timeline of these semiconductors into CG Power’s existing infrastructure projects. Like all technology-led ventures, the path from prototype to mass commercialization in the competitive power electronics market involves execution risks, including manufacturing scale-up and market adoption rates for new, lower-cost SiC technology.

What to track next

Watch for future announcements regarding the commercial deployment of ThinSiC technology within CG Power’s portfolio and any potential updates on indigenous manufacturing or testing capabilities as the partnership progresses.