California to gain 1,700 jobs from Bosch’s $1.9B semiconductor investment

SACRAMENTO, Calif. — Bosch is set to create up to 1,700 jobs in Roseville following a significant investment supported by the CHIPS and Science Act.

The Biden-Harris Administration announced that the U.S. Department of Commerce and Bosch have signed a preliminary memorandum to provide up to $225 million in proposed funding. This, combined with a state match from a CalCompetes Tax Credit award, will support Bosch’s $1.9 billion investment to transform its manufacturing facility for silicon carbide power semiconductors.

“California leads the nation in semiconductor innovation and next-generation microelectronics advancements. Thanks to the Biden-Harris Administration, this latest investment in the state’s semiconductor sector will ensure that federal dollars spur more private capital, bolstering California’s semiconductor manufacturing capabilities and ensuring we remain a global leader in technology innovation for decades to come,” Governor Gavin Newsom said.

The investment is expected to create up to 1,000 construction jobs and 700 manufacturing, engineering and research and development positions. California’s semiconductor sector is a cornerstone of the state’s economy, with over 600 fabrication facilities and 63,000 jobs, representing 27% of the U.S. total. In 2021, California attracted $23 billion in semiconductor research and development spending, more than half of the U.S. total.

This initiative is part of Governor Newsom’s broader agenda to accelerate infrastructure and job creation across the state. The Capital Region, including Roseville, has identified the semiconductor industry as a key driver for local job growth and sustainable economic development.