<ul><li>Bosch has signed a non-binding agreement with the US Commerce Department to receive up to $225 million in CHIPS Act funding.</li><li>The funds will be used to convert Bosch's Roseville, CA facility into a plant producing silicon carbide semiconductors for electric vehicles.</li><li>The investment is expected to create up to 1,700 jobs, including in construction, manufacturing, engineering, and R&D.</li><li>Other recipients of CHIPS Act funding include TSMC, Intel, HP, Samsung, GlobalFoundries, Texas Instruments, and Rocket Lab.</li></ul>

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

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