Bosch buys US semiconductor foundry to expand EV chip output

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.