Bosch Secures $225 Million Subsidy for SiC Semiconductor Production in California

The US Department of Commerce has announced a preliminary agreement to provide up to $225 million in subsidies to Bosch, a German automotive supplier, to produce silicon carbide (SiC) power semiconductors in California. Bosch plans to invest $1.9 billion to renovate its manufacturing facility in Roseville, California, aiming to boost US capabilities in advanced power semiconductors.