With Bosch’s $7.5 billion “big move” thrown into the mix, will Detroit become a new heavy-hitting hub for automotive chips?

Crypto news flash, according to Reuters, German automotive parts and chip maker Bosch has started sample production at its first U.S. semiconductor plant in Detroit, completing a $225 million agreement signed with the U.S. Department of Commerce to strengthen domestic silicon carbide chip manufacturing. In 2023, Bosch acquired a chip factory in Roseville, California, from TSI Semiconductor and reconfigured it, with total investment of $2 billion, including funding from the Department of Commerce. Bosch plans to invest up to $7.5 billion in the U.S. before 2031 to enhance its operations in the country.