On the evening of July 31, CRRC Times Electric made a significant announcement. Its core subsidiary, Times Semiconductor, will be teaming up with five institutions—among them, the esteemed Beijing Huairou Laboratory—to jointly invest 287 million yuan. Their goal? To establish Beijing CRRC Times Huaishi Semiconductor Co., Ltd., a new venture that will focus on the cutting-edge research, development, and industrialization of high-end IGCT power semiconductor technology.