Bosch closes deal to buy US semiconductor foundry in EV chip push
Fox News
Germany's Bosch Group completed the acquisition of chip manufacturer TSI Semiconductors as part of its plan to establish a manufacturing presence in the U.S. for silicon carbide chips.
Bosch and TSI did not disclose a purchase price.
The TSI facility would become the "third pillar" of in-house semiconductor production, along with two sites in Germany, Bosch said.
"By extending our semiconductor operations, we are strengthening our local presence in an important market for high efficiency electronic solutions," Paul Thomas, incoming president of Americas for Bosch Mobility, said in a statement.
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