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Bosch is the most recent (original) recipient. CHIPS is the Science Act money. The company he signed non-binding agreement with the US Department of Commerce and may receive up to 225 million dollars.
You might think of Amazon gruff crime solver somewhere they did it, Bosch is a German company that makes… just about everything under the sun. (This includes a deodorizing machine!) The company has recently advanced its silicon development, to buy TSI Semiconductors in 2023 and completed the agreement earlier this year. But instead of focusing on expensive silicon for computers, smartphones and AI, Bosch is working on chips for the automotive industry.
The company plans to spend the money on the Roseville, CA property it acquired in the TSI deal. The company will spend $1.9 billion to convert the plant into one that spits out silicon carbide (SiC) semiconductors, which are used to power EVs and charge them. Bosch expects the first 200mm cookers to roll off the line there in 2026.
“The Roseville investment helps Bosch develop silicon carbide semiconductors, helping US consumers on the electrification path,” Paul Thomas, president of Bosch North America and Bosch Mobility Americas, wrote in a statement.
In addition to encouraging America’s growth in the chip industry, another goal of the CHIPS Act is to create jobs. The White House said the funding would create 1,700 jobs, including 1,000 in construction and 700 in manufacturing, engineering and R&D.
“Today’s agreement makes more than $2 billion in investment and the creation of more than 1,700 jobs, while investing in reliable technology that depends on our security and our auto industry,” wrote Natalie Quillian, White House Deputy Chief of Staff.
In November, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading chip maker, he was the first that its CHIPS Act funding (totaling $6.6 billion) be ended. Other recipients include Intel (although his money was recently cut), HP, Samsung, GlobalFoundries, Texas Instruments and Rocket Lab.
