Bosch Secures $225 Million CHIPS Act Funding for California Semiconductor Plant Expansion

Bosch's Roseville, California, semiconductor facility has been granted $225 million from the U.S. CHIPS and Science Act. This funding will support a $2 billion investment to transform the site into a major hub for silicon carbide chip production. These chips are vital for power optimization in batteries and grids, contributing to decarbonization efforts and creating hundreds of new jobs.