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Bosch signs agreement for up to $225 million in CHIPS Act funding

The company is converting a Roseville, CA plant it purchased into one that produces silicon carbide semiconductors for the auto industry. It’s expected to create up to 1,700 jobs.

Lest you think Amazon’s gruff crime solver somehow got a piece of the action, Bosch is also a German multinational corporation that makes… just about everything under the sun. The company recently accelerated its silicon development, buying TSI Semiconductors in 2023 and finalizing the deal early this year. The company will invest up to $1.9 billion to convert the plant into one that spits out silicon carbide (SiC) semiconductors, which are used to boost the efficiency of EV driving and charging.

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