WASHINGTON : The U.S. Commerce Department said Friday it reached a preliminary deal with German auto supplier Bosch for up to $225 million in subsidies to build silicon carbide power semiconductors in California that are key for electric vehicles.The department said the funding will support Bosch’s plan

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US reaches preliminary deal with Bosch for $225 million in chip grants

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By David Shepardson WASHINGTON (Reuters) –     The U.S. Commerce Department said Friday it reached a preliminary deal with German auto supplier Bosch for up to $225 million in subsidies to build silicon carbide power semiconductors in California that are key for electric vehicles. The department said the funding will support Bosch’s planned $1.9 billion investment to transform its manufacturing facility in Roseville, California for production of…

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German tech company Bosch secures $225 million for a Northern California semiconductor computer chip plant, generating 700 jobs for the region.

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Tech company secures $225 million for Northern California chip plant, generating 700 jobs

The company is converting a Roseville, CA plant it purchased into one that produces silicon carbide semiconductors for the auto industry. It’s expected to create up to 1,700 jobs.

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Bosch signs agreement for up to $225 million in CHIPS Act funding

In 2022, Senator Padilla and Senator Reverend Raphael Warnock (D-Ga.) sent a letter urging Senate leadership to support provisions in the final …  Full story here. 
More Sen. Padilla News  Published by www.padilla.senate.gov       The post Padilla Applauds Announcement of $225 Million Agreement Boosting Semiconductor … appeared first on Quorum Call.

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Padilla Applauds Announcement of $225 Million Agreement Boosting Semiconductor …

Roseville Today News, Business, Travel & Entertainment CHIPS and Science Act local impactRoseville, California – Bosch has signed a preliminary memorandum of terms (PMT) under the CHIPS and Science Act with the U.S. Department of Commerce (DoC). It includes up to $225 million in proposed direct funding to support the transformation of the Bosch production facility in Roseville, California.The proposed investment would support the development of …

Rocklin and Roseville Today

Roseville Bosch facility could see up to $1.9 billion investment in semiconductor transformation

Bosch is the latest recipient of (preliminary) CHIPS and Science Act funding. The company signed a non-binding agreement with the US Commerce Department and could receive up to $225 million in funding. Lest you think Amazon's gruff crime solver somehow got a piece of the action, Bosch is also a German multinational corporation that makes . . .  just about everything under the sun. (That even includes a stink-removal machine!) The company recentl…

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The U.S. Department of Commerce (US) has reached a preliminary agreement with the German supplier of components for the Bosch automotive sector that provides for the injection of up to $225 million (just over €214 million) into subsidies for the production of silicon carbide chips, essential for the operation of electric vehicles. In addition, as indicated in a statement, the public agency will support Bosch’s planned investment valued at $1.9 b…

El Departamento de Comercio de Estados Unidos (EEUU) ha alcanzado un acuerdo preeliminar con el proveedor alemán de componentes para el sector de la automoción Bosch que contempla la inyección de hasta 225 millones de dólares (algo más de 214 millones de euros) en subvenciones para la producción de chips de carburo de silicio, esenciales para el funcionamiento de los vehículos eléctricos. Complementariamente, según se indica en un comunicado, el…

Bosch alcanza un acuerdo con EEUU que inyectará 214 millones en subvenciones para chips de vehículos

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Bosch reaches an agreement with the US that will inject 214 million in vehicle chip subsidies

Bosch to invest $1.9b in production of silicon carbide power semiconductors in California

US reaches preliminary deal with Bosch for $225 million in chip grants

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