Bosch completes acquisition of assets of TSI Semiconductors

• Bosch has completed the acquisition of assets from TSI Semiconductors, strengthening its position in the electric vehicle industry.• Bosch Group has been carbon neutral since Q1 2020 and employs approximately 85,500 people in R&D globally, with nearly 44,000 being software engineers.

Bosch, a leading global supplier of technology and services with a significant presence in North America since 1906, has acquired assets from TSI Semiconductors. The company, employing approximately 421,000 associates worldwide, operates in four main sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.

Bosch is at the forefront of IoT solutions, offering innovative technologies for smart homes, Industry 4.0, and connected mobility. The strategic objective of the Bosch Group is to enhance connected living with products and solutions containing or developed with artificial intelligence.

In addition to creating technology that is “Invented for life,” Bosch also prioritizes sustainability. They have been carbon neutral since the first quarter of 2020. The company’s future growth is underpinned by its innovative strength. Globally, Bosch employs approximately 85,500 associates in research and development, nearly 44,000 of whom are software engineers.

The acquisition of TSI Semiconductors assets will enrich Bosch’s technological capabilities and further strengthen its position in the electric vehicle industry. With a strong commitment to innovation and sustainability, Bosch continues to shape the future of mobility.

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