Bosch actively develops silicon carbide business

As the world's largest supplier of automotive parts and systems, Bosch began exploring the silicon carbide automotive business in 2019. At the end of 2021, Bosch began mass production of silicon carbide chips at its Reutlingen plant in Germany for use in power electronics devices for electric and hybrid vehicles. In recent years, Bosch has continued to increase its silicon carbide layout globally, especially in the two major markets of China and the United States. In China, Bosch signed an investment agreement with the Suzhou Industrial Park Management Committee on January 12, 2023, announcing an investment in Suzhou to establish a Bosch new energy vehicle core components and autonomous driving R&D and manufacturing base. In the United States, Bosch acquired California chip manufacturer TSI Semiconductors and plans to establish a silicon carbide chip manufacturing base in the United States.