Bosch has announced that it is expanding its semiconductor business with silicon carbide chips through a planned acquisition of the US chipmaker TSI Semiconductors, based in Roseville, California. In connection with the transaction, Bosch, over the next years, intends to invest more than US$1.5 billion in the Roseville site and convert the TSI Semiconductors manufacturing facilities to state-of-the-art processes.

Latham & Watkins LLP represents Bosch in the transaction with a corporate deal team led by Bay Area partner Luke Bergstrom and Chicago partner Max Schleusener, with associates Tessa Bernhardt, Tyler Neal, Andrew James, and Brian Baloun. Advice was also provided on real estate matters by Chicago counsel Jeffrey Anderson; on environmental matters by Los Angeles partner Joshua Marnitz; on tax matters by Chicago partner Joseph Kronsnoble; on US benefits and compensation matters by Chicago partner Benjamin Rosemergy; on intellectual property matters by Bay Area partner Anthony Klein; on data privacy matters by Bay Area partner Robert Blamires; on compliance matters by Chicago partner Meredith Monroe; on antitrust matters by Washington, D.C. partner Michael Egge; on CFIUS matters by Washington, D.C. partner Damara Chambers; and on government contracts matters by Washington, D.C. partners Kyle Jefcoat and Dean Baxtresser.