Taiwan Semiconductor Manufacturing (TSMC) is investing EUR3.5 bn in its first European chip factory in Germany, capitalising on significant state support and the EU's push to strengthen its semiconductor industry. The move aligns with Germany's goal to enhance its domestic chipmaking capacity and support its automotive sector's global competitiveness. The investment aligns with the broader trend of countries bolstering their semiconductor capabilities to mitigate supply chain. TSMC is also investing US$40 billion in a new plant in the western U.S. state of Arizona, supporting Washington's plans for more chipmaking at home, and is building a plant in Japan in a joint venture with Sony.
TSMC Invests €$3.8bn to Build Germany's First Chip Factory
Updated: Nov 10, 2023