Bosch buys US semiconductor foundry to expand EV chip output
Technology
Bosch buys US semiconductor foundry to expand EV chip output
DETROIT (Reuters) - Germany's Bosch Group has agreed to buy key assets of California chip manufacturer TSI Semiconductors and invest $1.5 billion to expand U.S. production of silicon carbide chips for electric vehicles.
Bosch and TSI did not disclose a purchase price. Bosch said it plans to invest $1.5 billion to retool TSI's chip production facilities in Roseville, California to start producing silicon carbide chips by 2026.
