Germany’s Bosch Group has agreed to buy key assets of California chip manufacturer TSI Semiconductors and invest $1.5 billion to expand US 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.
The investment “will be heavily dependent on federal funding opportunities” through the CHIPS act as well as state subsidies, Bosch said in a statement.
