Bosch to Acquire Assets of TSI Semiconductors and Invest $1.5 Billion in U.S. Chip Production for Electric Vehicles
- Hrishikesh
- May 9, 2023
- Business, News
- AI, big data, blockchain, cloud computing, cybersecurity, IoT, Machine Learning, robotics, smart cities
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German multinational engineering and technology company Bosch has announced its plans to acquire key assets of California-based chip manufacturer TSI Semiconductors, in a move to expand its production of silicon carbide (SiC) chips for electric vehicles (EVs). The deal, for which the purchase price was not disclosed, will also see Bosch investing $1.5 billion to retool TSI’s chip production facilities …
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