Power Tools Industry May 2023
Robert Bosch Tool Corporation
Robert Bosch GmbH acquired US chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, TSI has been producing semiconductor chips since 1984. Robert Bosch plans to invest more than $1.5 billion in the Roseville site and convert the TSI Semiconductors manufacturing facilities to state-of-the-art processes. The first chips will be produced on 200-millimeter wafers based on the innovative material silicon carbide (SiC) starting in 2026.
The full scope of the planned investment will be heavily dependent on federal funding opportunities available via the CHIPS and Science Act as well as economic development opportunities within the state of California. Vice President Kamala Harris applauded the investment, saying that it will bring down costs, strengthen the supply chain and help rebuild American manufacturing.
Robert Bosch has been producing semiconductors at various locations around the globe for more than 60 years and is widely recognized as an industry leader and expert. Financial terms were not disclosed.
Stanley, Black & Decker
About 2.2 million DeWalt, Stanley and Craftsman fiberglass sledgehammers were recalled by the Consumer Products Safety Council (CPSC). The recall involves several different sizes, lengths and model numbers. The heads can detach while in use and pose an injury risk. Stanley Black and Decker said it has received 192 reports of the sledgehammer detaching. There have been two reports of faulty sledgehammers causing injuries to the head and face. Twenty-five various models are impacted by the recall. The recalled sledgehammers weigh between 2 pounds and 12 pounds and range between 14 inches and 36 inches in length, the CPSC said. About 53,000 sledgehammers sold in Canada were also recalled. SB&D provided a toll-free number and is issuing full refunds.
TTI signed on to the Science-Based Target Initiative which aligns them with the Paris Agreement and commits them to reducing carbon emissions throughout their value chain by 60% by 2030.
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