German tech company Bosch has signed a preliminary agreement with the federal government for $225 million in funding to upgrade a Roseville computer chip plant.
The money from the CHIPS and Science Act would contribute to Bosch’s $1.9 billion investment to enable production of silicon carbide power semiconductor chips for electric cars. Up to 700 manufacturing and tech jobs are expected to be created, along with 1,000 temporary construction jobs, according to the U.S. Commerce Department.
Bosch is also in talks for up to $225 million in proposed loans from the CHIPS program.
“The Roseville investment enables Bosch to locally produce silicon carbide semiconductors, supporting U.S. consumers on the path to electrification,” said Paul Thomas, president of Bosch in North America, in a statement.
The chips are expected to begin production starting in 2026.
“One of the core missions of the bipartisan CHIPS and Science Act is to make targeted investments across every part of the semiconductor industry to accelerate innovation and advance U.S. technology leadership,” U.S. Commerce Secretary Gina Raimondo said in a statement.
Bosch is agreeing to a project labor agreement with the Sacramento-Sierra’s Building and Construction Trades Council that includes providing child care for workers.
Over $25 billion of the more than $36 billion in funding from the CHIPS Act has been awarded. Last month, Sunnyvale was picked as the site for one of three National Semiconductor Technology Centers. It is expected to generate over $1 billion in research funding and create more than 200 jobs over the next decade.
(c)2024 The San Francisco Chronicle. Distributed by Tribune Content Agency, LLC.
Bosch on Track for $225M Federal Grant for Roseville Chip Plant
Up to 700 manufacturing and tech jobs are expected to be created, along with 1,000 temporary construction jobs, according to the U.S. Commerce Department. Bosch is also in talks for up to $225 million in proposed loans from the CHIPS program.
