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Bosch Completes Acquisition Of Assets Of Tsi Semiconductors

Sep 01, 2023•over 2 years ago

Acquiring Company

Bosch

Acquired Company

TSI Semiconductors

Gerlingen-SchillerhöheEnergyManufacturingRenewable EnergyOil And Gas

Description

Former TSI in Roseville now part of Robert Bosch Semiconductor LLCSemiconductor industry specialist Thorsten Scheer is heading the new organization as plant manager of Roseville and regional president of the Bosch Automotive Electronics division in North AmericaCalifornia Competes Tax Credit incentive of $25 million approved as part of funding opportunities to support planned $1.5 billion investment into the site by Bosch

Company Information

Company

Bosch

Location

Gerlingen-Schillerhöhe, Baden-Württemberg, Germany

About

The company recently completed a program highlighting its Tre FCEV Alpha Pilot with Anheuser-Busch in California. The company recently announced it would invest more than $1 billion USD globally to develop mobile fuel cell technologies by 2024. The company previously announced a collaboration with Powercell to develop the fuel cell stack. The company generated sales of $93.1 billion in 2021. Bosch has a long presence in Anderson, where it started producing fuel rails in 1985. “Helping Bosch to be among the first to commercialize fuel cell stack production in the U.S. speaks to the strength of our manufacturing industry and workforce. “Bosch is unique in its ability in all these areas. Bosch will be one of the first to market with large-scale production to support hydrogen-powered commercial vehicles.

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