Bosch aims to aggressively grow its sales of microchips used in cars and e-bikes to 5 billion euros by 2030. To meet these targets, the supplier will open its manufacturing operations to outside clients and strategically scale up its foundry division. The firm will rely on its global network of approximately 40 sites dedicated to chip research, development, and production. As part of this manufacturing roadmap, Bosch also plans to expand its semiconductor test facility in Penang, Malaysia, by the mid-2030s.
Key points
Setting up a dedicated business unit allows Bosch to scale up chip production beyond its…: Setting up a dedicated business unit allows Bosch to scale up chip production beyond its internal automotive needs.
Expanding foundry capacity to third-party clients represents a core component of the comp…: Expanding foundry capacity to third-party clients represents a core component of the company's long-term semiconductor strategy.
Long-term infrastructure investments include expanding the chip testing facility located…: Long-term infrastructure investments include expanding the chip testing facility located in Penang, Malaysia, by the mid-2030s.
Sources checked by our analysis pipeline: 1
(Corrects to remove reference to 'spin off' in headline and first paragraph)
Nov 3 : Bosch, the world's top automotive supplier, will set up a dedicated semiconductor division from January 2028, it said on Tuesday.
• The German firm said it aims to increase sales of the small components used in cars and e-bikes to 5 billion euros ($5.59 billion) by 2030
• Currently, the semiconductor activities are part of the Mobility Electronics division
• The firm will increasingly open its manufacturing capacities to external partners and strategically expand its foundry business, it added
• Bosch, which relies on a network of around 40 semiconductor sites worldwide for research, development, and manufacturing, plans to further expand its test centre in Penang, Malaysia, by the middle of the 2030s
The Leeds-based grocer is handing executive leadership to David Potts to drive a multi-year turnaround after severe IT upgrade disruptions recently undermined product availability and profits. Outgoing leader Allan Leighton will shift to non-executive chairman as planned, following a two-year stabilization effort. The incoming leadership aims to maintain low prices and capitalize on the business's recent return to quarterly sales growth.
The structural overhaul across the firm's alternates, retail, and wealth verticals aims to strengthen institutional capabilities following a string of senior departures. The executive reshuffle arrives alongside robust quarterly financial momentum, which has helped spur immediate investor optimism in the public markets.
Technology giants are restructuring their operational footprints to fund massive infrastructure bets without inflating long-term payrolls. By targeting more than a quarter of its workforce with voluntary exit proposals, the company creates financial flexibility as it reallocates resources. This substantial staff reduction immediately preceded a major surge in capital deployed toward cutting-edge artificial intelligence projects.