Tech company secures $225 million for Northern California chip plant, generating 700 jobs

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Tech company secures $225 million for Northern California chip plant, generating 700 jobs

^{Published on 2024-12-13 08:02:33 - MSN}

German tech company Bosch has signed a preliminary agreement with the federal government for $225 million in funding to upgrade a Roseville (Sacramento County) computer chip plant. The money from the CHIPS and Science Act would contribute to Bosch's $1.

A tech company has secured a $225 million investment to establish a new semiconductor manufacturing facility in Northern California, which is expected to create approximately 700 jobs. This investment underscores the growing emphasis on domestic semiconductor production, driven by recent legislative incentives like the CHIPS and Science Act. The facility aims to bolster the U.S. supply chain for chips, crucial for various industries including automotive, electronics, and defense. The project not only promises economic growth through job creation but also aims to enhance national security by reducing reliance on foreign semiconductor supplies.

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[ https://www.msn.com/en-us/money/technology/tech-company-secures-225-million-for-northern-california-chip-plant-generating-700-jobs/ar-AA1vNtED ]

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