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Search resuls for: "Joseph White Stephen Nellis"


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☆ Bosch buys US semiconductor foundry to expand EV chip output
  + stars: | 2023-04-26 | by ( Joseph White Stephen Nellis | Joseph White | Stephen Nellis | ) www.reuters.com   time to read: +2 min
Bosch said it plans to invest $1.5 billion to retool TSI's chip production facilities in Roseville, California to start producing silicon carbide chips by 2026. Bosch said the TSI facility would become the "third pillar" of in-house semiconductor production, along with two sites in Germany. The silicon carbide chips Bosch said it will manufacture at the TSI Roseville site are increasingly in demand by electric vehicle manufacturers. U.S-based Wolfspeed Inc (WOLF.N) is building new plants to make silicon carbide chips in New York State and in Germany. Bosch plans to acquire the buildings, machines and infrastructure of TSI as well as well as its commercial semiconductor business.
☆ GM inks deal with GlobalFoundries to secure U.S.-made chips
  + stars: | 2023-02-09 | by ( Jane Lanhee Lee Joseph White Stephen Nellis | Jane Lanhee Lee | Joseph White | ) www.reuters.com   time to read: +4 min
GM told Reuters that it is working to streamline how many unique kinds of chips are in its cars. But it is securing capacity for its suppliers to have the chips made because the overall number of chips is expected to rise. By the end of 2023, almost 18 million vehicles will have been removed from production plans since the chip shortage began, according to Auto Forecast Solutions. The auto chip shortage dramatically changed the way carmakers deal with their chip suppliers, with whom they previously rarely had direct contact. Several auto companies have now created teams and divisions to better secure chip supply and think about the design of digital platforms for cars going forward.
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