The Bosch Group, a leading global supplier of technology and services, received clearance from the Committee on Foreign Investment in the United States (CFIUS) in connection with the acquisition of certain assets to TSI Semiconductors Corporation, a US chipmaker with a foundry in Roseville, California. Bosch plans to invest more than US$1.5 billion to convert the Roseville manufacturing facilities to state-of-the-art processes producing chips on 200-millimeter wafers based on the innovative material silicon carbide (SiC). CFIUS concluded that there were no unresolved national security issues with respect to the transaction and cleared the transaction within the initial 45-day review period.
Latham & Watkins LLP represented Robert Bosch Stiftung GmbH in the transaction and advised the company on the CFIUS clearance process. The CFIUS team was led by Washington, D.C. partner Damara Chambers, with counsel Catherine Hein, and associates Zachary Eddington and Ragad Alfaraidy. The deal team was led by Bay Area partner Luke Bergstrom and Chicago partner Max Schleusener.