Bosch is acquiring U.S. chipmaker TSI Semiconductors

The world largest auto supplier, Bosch, is acquiring U.S. chipmaker TSI semiconductors for its for for growing demand for electric vehicle. Bosch is expanding its semiconductor business with silicon carbide chips.

In 2019, Bosch aims to address one of the stumbling blocks for potential buyers of electric cars: nearly one in two consumers (42%) decide against buying an electric vehicle because they are afraid that the battery will run out in transit. By 2023, consumer demand for electronic vehicles will rise significantly.

 

Demand for chips for the automotive industry remains high. By 2025, Bosch expects to have an average of 25 of its chips integrated in every new vehicle. The SiC chip market is also continuing to grow rapidly – by 30% annually, on average. Because of the global boom and ramp-up of electro-mobility is resulting in huge demand, Bosch wish to have significantly extended its global portfolio of SiC chips by the end of 2030.

 

As an application-specific integrated circuit (ASIC) foundry, TSI currently mainly develops and produces large volumes of chips on 200mm silicon wafers for applications in the mobility, telecoms, energy, and life sciences sectors.

 

Bosch chairman Dr. Stefan Hartung: “With this planned investment in the U.S., we are also increasing our semiconductor manufacturing, globally.”

 

By extending our semiconductor operations internationally, we are strengthening our local presence in an important electric vehicle market,” says Dr. Markus Heyn, member of the Bosch board of management and chairman of the Mobility Solutions business sector.