The centre will conduct R&D on semiconductor-based products across a wide power range for application in such markets as electic vehicles, rail traction, aerospace, power distribution and renewable energy.
The exact location and the size of the investment there were not disclosed, but Dynex Power Inc. said in a statement that the expectation was that the centre would grow to employ “hundreds of research and development engineers,” over the coming years.
As part of the deal Dynex will have royalty-free access to the semiconductor-related outputs of the TEIC that are relevant to its business.
R&D will also continue at Dynex Semiconductor’s Lincoln site where the company is also creating a power semiconductor foundry manufacturing business (see Dynex opens power semiconductor foundry unit).
Clive Vacher, Dynex 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.”
Liu Ke’an, 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.”
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