TSMC commits $3.8 billion to German plant

Stefan Mileschin · 10th August 2023, 08:04

Taxpayer supplies $11 billion

TSMC is committing $3.8 billion to establish its first European factory in Germany, benefiting from significant state support for the $11 billion project as Europe aims to shorten supply chains.

The plant, which will be TSMC's third outside of traditional manufacturing bases in Taiwan and China, is central to Berlin's ambition to foster the domestic semiconductor industry. The Germans need the chips for its car industry to remain globally competitive.

Germany, which has been courting the world's largest contract chipmaker since 2021, will contribute up to five billion euros to the factory in Dresden, capital of the eastern state of Saxony, German officials said.

German Chancellor Olaf Scholz said that Germany was probably becoming the major location for semiconductor production in Europe, notably after Intel announced a 30 billion euro plan to build two chip-making plants in the country.

https://fudzilla.com/news/57386-tsmc...o-german-plant

10th August 2023, 08:04	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,738	TSMC commits $3.8 billion to German plant Taxpayer supplies $11 billion TSMC is committing $3.8 billion to establish its first European factory in Germany, benefiting from significant state support for the $11 billion project as Europe aims to shorten supply chains. The plant, which will be TSMC's third outside of traditional manufacturing bases in Taiwan and China, is central to Berlin's ambition to foster the domestic semiconductor industry. The Germans need the chips for its car industry to remain globally competitive. Germany, which has been courting the world's largest contract chipmaker since 2021, will contribute up to five billion euros to the factory in Dresden, capital of the eastern state of Saxony, German officials said. German Chancellor Olaf Scholz said that Germany was probably becoming the major location for semiconductor production in Europe, notably after Intel announced a 30 billion euro plan to build two chip-making plants in the country. https://fudzilla.com/news/57386-tsmc...o-german-plant

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