April 28, 2023
1 min read

Bosch buys US chipmaker TSI Semiconductors

With a workforce of 250, TSI Semiconductors is a foundry for application-specific integrated circuits, or ASICs…reports Asian Lite News

German conglomerate Bosch on Wednesday said it is acquiring US chipmaker TSI Semiconductors for $1.5 billion and converting its manufacturing facilities to state-of-the-art processes.

With the planned acquisition, Bosch will significantly expand its global portfolio of silicon carbide (SiC) semiconductors by the end of 2030.

Starting in 2026, the first chips will be produced on 200-millimeter wafers based on the innovative material silicon carbide.

“With this planned investment in the US, we are also increasing our semiconductor manufacturing, globally,” said Bosch Chairman Dr. Stefan Hartung.

With a workforce of 250, TSI Semiconductors is a foundry for application-specific integrated circuits, or ASICs.

Currently, it mainly develops and produces large volumes of chips on 200-millimeter silicon wafers for applications in the mobility, telecommunications, energy, and life sciences industries.

“We are pleased to join a globally operating technology company with extensive semiconductor expertise. We are confident that our Roseville (in California) location will be a significant addition to Boscha�s SiC chipmaking operations,” said Oded Tal, CEO at TSI Semiconductors.

At an early stage, Bosch invested in the development and production of SiC chips.

Since 2021, it has been using its own proprietary, highly complex processes to mass-produce them at its Reutlingen location near Stuttgart.

“SiC chips are a key component for electrified mobility. By extending our semiconductor operations internationally, we are strengthening our local presence in an important electric vehicle market,” said Dr Markus Heyn, member of the Bosch board of management and chairman of the Mobility Solutions business sector.

Demand for chips for the automotive industry remains high. By 2025, Bosch expects to have an average of 25 of its chips integrated in every new vehicle.

ALSO READ-Airtel unveils next-gen Cloud solutions

Previous Story

Amazon shuts Halo division, lays off staff

Next Story

Trump revives threat of skipping GOP presidential debates

Previous Story

Amazon shuts Halo division, lays off staff

Next Story

Trump revives threat of skipping GOP presidential debates

Latest from Business

Google announces $15 billion investment in Malaysia

The investment will fund new data centres, support more than 37,000 jobs annually during construction and strengthen Malaysia’s position as a regional AI and technology hub….reports Asian Lite News Desk Google has

AI bubble fears grow as Gita Gopinath flags risks

Former IMF chief economist Gita Gopinath has warned that the global AI investment boom could face a significant correction as companies struggle to justify soaring valuations and massive spending….reports Asian Lite News

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News
Go toTop

Don't Miss

MeitY enters into partnership with IBM in AI, semiconductors

The partnership comes four months after the historic India-US joint

Biden mulls curbs on US businesses investing in China

Some types of new investment in critical sectors will be