Biden-Harris Administration Announces Preliminary Terms with Bosch to Advance U.S. Supply Chain Resiliency of Crucial Semiconductor Manufacturing Components

US-based Bosch has signed a preliminary memorandum of terms with the U.S. Department of Commerce to receive up to $225 million in funding under the CHIPS and Science Act. This investment supports Bosch’s $1.9 billion project to expand its semiconductor manufacturing facility in Roseville, California, creating up to 1,700 jobs. The project will enhance the production of silicon carbide semiconductors, crucial for electric vehicles and other industries.