Infineon teams up with India’s CDIL to explore business in light EVs, energy storage solutions

Infineon Technologies, Germany’s leading semiconductor manufacturer, has partnered with India’s six-decade-old chipmaker CDIL Semiconductors to tap into emerging business opportunities in the South Asian nation. The partnership aims to support India’s transition to electric mobility and renewable energy, both of which rely heavily on power semiconductors. India, the world’s most populous country with over 1.4 billion people, aims to expand its EV penetration from the existing 7-8% to 30% and boost non-fossil energy generation from 100GW to 500GW by 2030. However, achieving these ambitious targets requires a robust domestic ecosystem for EVs and battery storage solutions that are cost-competitive with traditional alternatives to drive consumer adoption. Manufacturers in these sectors also seek high-quality inputs at comparable prices to keep their costs low. Infineon and CDIL aim to address all this with their tie-up. As part of the collaboration, Infineon is supplying wafers to CDIL, ... Read full article.