Industry reports or government statistics on semiconductor production

Bosch Secures $225 Million in CHIPS Act Funding for $1.9 Billion Roseville Semiconductor Facility, Creating 1,700 Jobs and Largest SiC Factory

Dec 13, 2024, 06:45 PM

The Biden-Harris Administration announced a significant funding initiative under the CHIPS and Science Act, with German tech company Bosch set to receive up to $225 million for the expansion of its semiconductor manufacturing facility in Roseville, California. This funding is part of Bosch's larger $1.9 billion investment aimed at creating the largest silicon carbide (SiC) semiconductor factory in the region. The project is expected to generate approximately 1,700 jobs, contributing to the local economy and supporting advancements in electric vehicle (EV) and clean energy technologies. The agreement marks a critical step in the U.S. government's efforts to bolster domestic semiconductor production and innovation, as emphasized by various officials highlighting the economic benefits of the CHIPS Act.