Commerce Finalizes $225M CHIPS Award to Bosch

The Commerce Department finalized a direct funding agreement with Robert Bosch Semiconductor that will provide up to $225 million in CHIPS and Science Act funding to support domestic production of silicon carbide (SiC) semiconductors at the company’s facility in Roseville, Calif. In conjunction with the award, Bosch plans to invest $7.5 billion in U.S. operations over the next five years.