Bosch To Buy Chipmaker TSI, Invest $1.5 Billion in US Plant

Robert Bosch is acquiring US chipmaker TSI Semiconductors and plans to invest more than $1.5 billion in its California foundry, expanding the German company's global bet on chips. From a report: The world's biggest auto-parts supplier plans to retool and modernize TSI's Roseville site with a target to start producing silicon carbide chips there from 2026, Bosch said Wednesday. The company expects 30% annual demand growth for this type of chip, commonly used in power management that's beneficial to electric cars. "We step into a market which is developing very fast," Chief Executive Officer Stefan Hartung said in an interview with Bloomberg Television. "The new platforms of electric vehicles -- it doesn't matter where they are produced in the world -- are mostly betting on silicon carbide technology." Financial terms for the deal weren't disclosed beyond the planned investment at the foundry, which is also subject to regulatory approval. Bosch said the full scope of future spending will "heavily depend" on federal funding opportunities.

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