Dynex Power Inc. announced a substantial new investment in the UK by its majority shareholder, CRRC Times Electric. The Times Electric Innovation Centre (TEIC) will be established in the first half of 2018 in Birmingham, England, and will focus on cutting-edge research and development of semiconductor-based products and technology across a wide power range.
This research will be applicable to key growth markets, including electric vehicles, rail traction, aerospace, power distribution and renewable energy.
Over the coming years, the TEIC is expected to grow to include hundreds of research and development engineers, as part of the strategy for the combined CRRC-Times Electric and Dynex partnership being a major global leader in semiconductor technology.
Dynex will have full, royalty-free, access to the semiconductor-related outputs of the new TEIC that are relevant to the Dynex business strategy.
Research and Development will continue on the Lincoln UK site as before. Dynex has been heavily focused on the acceleration of its new product introduction, including the release – within the last 12 months – of industry-leading Trench Gate and DMOS high-power IGBT modules, a world-first design of Press-Pack IGBTs, new HVDC products, and the launch of a new Foundry Services business.
Further developments in the Lincoln R&D Centre will see yet more new product releases in the coming months from Dynex, as the company secures its position as a high-power semiconductor technology leader.
Clive Vacher, Dynex President and CEO, commented, “We welcome the decision of CRRC Times Electric to make such a significant investment in technology development in the UK. The new Times Electric Innovation Centre will bring substantial incremental capabilities to our portfolio, and help us to accelerate our journey towards technological leadership in the industry.
"Dynex will work in partnership with TEIC over the coming years, and our customers will benefit from further enhancements to the technology, efficiency and quality of our products and solutions. This investment is also a great endorsement of the quality of British technology and innovation," concluded Vacher.
Liu Ke’an, the Chairman of Dynex and General Manager of CRRC Times Electric, added, “The new Times Electric Innovation Centre is a significant investment decision, highlighting our commitment to innovation, research and development in the UK. It forms a major part of our growth strategy in the semiconductor industry as a whole, and will provide great enhancements to the capabilities and success of Dynex in the future.”