Bosch to invest $1.5B into California semiconductor plant
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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.