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Auto supplier Bosch, which has a team in Farmington Hills, is buying a semiconductor chip maker to expand its offerings of the highly valued car part.

Bosch re-organizes for mobility and software trends

The German Tier 1 is creating a new business sector dubbed Bosch Mobility, as it looks to capitalize on what it sees as a $210 billion market.

Within Robert Bosch GmbH, the newly structured Bosch Mobility will be responsible for its own business.

Germany’s Bosch plans to acquire the assets of US chipmaker TSI Semiconductors, based in Roseville, California, and invest $1.5bn in retooling its semiconductor production facilities.

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

Bosch is expanding its semiconductor business with silicon carbide chips. The technology company plans to acquire assets of the US chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, the company is a foundry for application-specific integrated circuits, or ASICs. Currently, it mainly develops and produces large...

Bosch is planning the plant work as part of its acquisition of California-based TSI Semiconductors.

Stuttgart (Germany), April 26: German conglomerate Bosch on Wednesday said it is acquiring US chipmaker TSI Semiconductors for $1.5 billion and converting its manufacturing facilities to state-of-the-art processes.

The acquisition is part of Bosch’s strategy to tap into the rising demand for chips globally, especially in the automotive and electronics sector.