INTERVIEW - Stefan Hartung, CEO of Bosch: We will invest $1.5 billion in the TSI Semiconductors foundry
August 30, 2023 at 02:56 pm EDT
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Bosch CEO Stefan Hartung announces that the group will finalize the acquisition of US chipmaker TSI Semiconductors this week. The world's largest automotive parts supplier, which has no immediate plans for further acquisitions, plans to invest over $1.5 billion in the Californian foundry. Finally, he discusses the Group's outlook, between economic and geopolitical risks.
Bosch is an industrial group that is organized around two product families:
- automotive components and accessories (85.3% of net sales): injection systems, chassis control systems, propulsion systems, generators, mechatronic components and systems, multimedia systems, etc.;
- other (14.7%): mass market products (electric tools and appliances), Industrial equipment (control and industrial automation systems, packaging systems, etc.), and building solutions (heating systems, detection, access control, video surveillance and intrusion detection systems, etc.). In addition, the group offers solar energy solutions.
At the end of March 2018, Bosch has 8 production sites located in India.
BOSCH LIMITED 
