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

Bosch is the latest recipient of the (preliminary) CHIPS and Science Act financing. The company signed non-binding agreement with the US Department of Commerce and could receive up to $225 million in funding.

Don’t think it’s on Amazon detective of serious crimes somehow i got a piece of the action, bosch is also a german multinational corporation that makes… pretty much everything under the sun. (This even includes a stench removal machine!) The company recently accelerated its silicon development, buying TSI Semiconductors in 2023 and finalizing the deal early this year. But instead of focusing on cutting-edge silicon for computers, phones and AI, Bosch specializes in chips for the automotive industry.

The company plans to use the funds for the Roseville, Calif., facility it acquired in the TSI deal. The company will invest up to $1.9 billion to convert the plant into one that produces silicon carbide (SiC) semiconductors, which are used to increase the driving and charging efficiency of EVs. Bosch expects the first 200mm inserts to roll off the line there in 2026.

“The investment in Roseville enables Bosch to manufacture silicon carbide semiconductors locally, supporting US consumers on the path to electrification,” Paul Thomas, president of Bosch North America and Bosch Mobility Americas, wrote in a statement.

In addition to strengthening America’s leadership in chip manufacturing, another goal of the CHIPS Act is job creation. The White House says the proposed funding would create up to 1,700 jobs, including 1,000 in construction and 700 in manufacturing, engineering and research and development.

“Today’s agreement catalyzes nearly $2 billion in private investment and the creation of more than 1,700 jobs, while investing in critical technology that our defense and automotive industries rely on,” wrote Natalie Quillian, White House deputy chief of staff.

In November, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading maker of advanced chips, was the first to finalize CHIPS Act grants ($6.6 billion). Other recipients include Intel (although his funding was recently cut), HP, Samsung, GlobalFoundries, Texas Instruments and A rocket laboratory.