Bosch invests $1.5B in TSI Semiconductors to meet EV chip demand.
TL;DR Summary
Bosch is acquiring US chipmaker TSI Semiconductor and investing $1.5 billion to produce silicon carbide (SiC) semiconductors to meet the growing demand for computer chips for electric vehicles (EVs). The investment will enable the adoption of EVs and strengthen the EV supply chain. Bosch expects to have an average of 25 of its chips in every new EV by 2025. The Biden administration's Invest in America agenda is promoting North American manufacturing and the adoption of sustainable transportation and clean energy in the US.
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