The U.S. Department of Commerce provides Bosch Group with huge subsidies to support its SiC capacity expansion

The U.S. Department of Commerce has decided to provide Bosch Group with up to $225 million in subsidies and a proposed government loan of approximately $350 million to support its SiC capacity expansion project in Roseville, California. The funds will be used to transform Bosch Group's 8-inch silicon wafer factory to build a silicon carbide wafer production line, and plans to start producing the first 8-inch silicon carbide chips in 2026. This project is expected to create 1,700 new jobs and account for more than 40% of all silicon carbide device production capacity in the United States when it is fully loaded.