The acquisition is part of Bosch’s strategy to tap into the rising demand for chips globally, especially in the automotive and electronics sector.
German engineering and technology firm Bosch has announced its intent to acquire US-based chipmaker TSI Semiconductors and invest $1.5 billion over the next few years to tap the rising demand for chips globally, especially in the automotive and electronics sector.
“With the acquisition of TSI Semiconductors, we are establishing manufacturing capacity for silicon carbide (SiC) chips in an important sales market while also increasing our semiconductor manufacturing, globally,” Stefan Hartung, chairman of the Bosch board of management, said in a statement.
Neither of the companies disclosed the cost of acquisition or the terms.
Silicon carbide semiconductors can operate at higher temperatures, voltages, and frequencies compared to other semiconductors, making them more efficient for use across solar-powered devices, electric vehicles, aerospace applications, and other applications such as 5G.
TSI Semiconductors, whose semiconductor plant is based in Roseville, California and employs about 250 people, mainly develops and produces large volumes of chips on 200-millimeter silicon wafers for applications in the mobility, telecommunications, energy, and life sciences industries, the companies said in a joint statement.
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