US-based semiconductor co. ThinSiC raises funding from chipmaker Axiro

California-based semiconductor company ThinSiC has raised funding from Bengaluru-based Axiro Semiconductor , a subsidiary of CG Power and Industrial Solutions.ThinSiC develops low-cost silicon carbide power devices. Axiro’s investment would support the development and commercialisation of ThinSiC’s silicon carbide power device technology.The investment aligns with Axiro’s strategy to expand its semiconductor portfolio from its existing capabilities in RF, mmWave, and advanced connectivity into the power electronics sector.