TSMC commits $3.8 billion to German plant

Stefan Mileschin · 10th August 2023, 09:04

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, 09:04	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	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

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
TSMC invests $2.87 billion in chip packaging plant	Stefan Mileschin	WebNews	0	26th July 2023 07:14
TSMC is building a second chip plant to meet US semiconductor demand	Stefan Mileschin	WebNews	0	7th December 2022 08:16
Micron invests about $15 billion in new plant	Stefan Mileschin	WebNews	0	5th September 2022 08:37
Intel investing $20 billion in Ohio chip plant	Stefan Mileschin	WebNews	0	24th January 2022 07:11
Samsung commits $22 billion to AI, 5G and future tech	Stefan Mileschin	WebNews	0	10th August 2018 08:28
TSMC starts work on new 5nm plant	Stefan Mileschin	WebNews	0	24th January 2018 19:11
TSMC’s 12-inch plant on schedule	Stefan Mileschin	WebNews	0	7th April 2017 07:25
German nuclear power plant infected with viruses	Stefan Mileschin	WebNews	0	29th April 2016 07:11
TSMC sets up advanced wafer plant in Nanjing	Stefan Mileschin	WebNews	0	30th March 2016 08:02
Abu Dhabi spends $7 billion on chip plant	jmke	WebNews	0	17th September 2010 12:18