Taiwan’s TSMC is planning more chip fabs in Europe

In what could be a big win for the EU’s chip industry, Taiwan’s National Science and Technology Council Minister, Wu Cheng-wen, says TSMC is planning to further expand operations in the bloc. TSMC broke ground in August on a €10bn chip plant in Dresden, Germany — its first in Europe. The German government will provide half of the funding with €5bn in state aid, under the EU’s Chips Act. The fab will produce semiconductors for automotive and industrial applications. It’s a joint project between the Taiwanese tech giant, the Netherlands’ NXP, and Germany’s Bosch and Infineon. “They [TSMC] have started…

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