Infineon teams up with India’s CDIL to build chips for light EVs, energy storage solutions

Germany’s Infineon Technologies wants a crack at India, and on Thursday it signed a deal to do just that. A new partnership with CDIL Semiconductors will see the pair working together to build chips for electric vehicles and renewable energy systems. CDIL has been around for more than sixty years, and this deal underscores how the country has collectively been trying — including with billions of dollars in investments — to bring its legacy, low-end chip industry into the twenty-first century, both to develop and export chips to meet global demand, but also to serve an evolving domestic market. India is the world’s most populous country with over 1.4 billion people. But that number speaks more to potential than current reality when it comes to things like EVs. Today, EVs account for just 7-8% of the transportation market, including two-, three- and four-wheeled vehicles. The country wants to boost that proportion to 30% while also growing other more eco-friendly technologies — for ex ... Read full article.