Bosch buys US semiconductor foundry to expand EV chip output
Bosch India and PTV Group will also explore synergies and new horizons such as joint go-to-market for government projects.Germany's Bosch Group has agreed to buy key assets of California chip manufacturer TSI Semiconductors and invest $1.5 billion to expand US production of silicon carbide chips for electric vehicles. Bosch and TSI did not disclose a purchase price. Bosch said it plans to invest $1.5 billion to retool TSI's chip production facilities in Roseville, California to start producing silicon carbide chips by…