MATSUI STATEMENT ON BOSCH’S CHIPS FUNDING DEAL

WASHINGTON, D.C. - Today, Congresswoman Doris Matsui (CA-07), co-author of the Creating Helpful Incentives for the Production of Semiconductors (CHIPS) for America Act, issued the following statement after the Department of Commerce announced an initial agreement to provide up to $225 million in direct funding for Bosch under the CHIPS and Science Act.

In 2023, Bosch acquired the former Sacramento-area campus of TSI Semiconductors, where the company is planning to install a fabrication line for silicon carbide chips that are crucial for electric vehicles and chargers. This proposed funding would support Bosch's investment of $1.9 billion to transform its Roseville site to manufacture, produce, and test these chips by 2026.

"The historic funding in the CHIPS Act has been a crucial catalyst to reignite domestic semiconductor manufacturing and create a secure, resilient supply chain for many years to come. Today's announcement is yet another example of how this funding is creating long-term economic anchors for communities across the country," said Congresswoman Matsui. "Here in the Sacramento region, Bosch has already laid a foundation to enable them to fabricate silicon carbide chips - essential components for advances in clean mobility, electric vehicles, and other clean energy technology. Together with these CHIPS Act investments, we are ensuring America stays the global innovation standard for these leading-edge chips."

Congresswoman Matsui and Congressman Michael McCaul (R-TX) introduced the original CHIPS Act in June 2020 alongside Senators John Cornyn (R-TX) and Mark Warner (D-VA). They successfully included an amendment based on the CHIPS Act as part of the FY21 National Defense Authorization Act (NDAA) to enable the building and modernization of semiconductor manufacturing facilities in America. They also led effortsto secure this funding through the CHIPS and Science Act. Earlier this year, she introduced the Semiconductor Technology Advancement and Research (STAR) Act, bipartisan legislation that will supercharge U.S. semiconductor research and design by creating an investment tax credit for semiconductor design expenditures.

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