Taiwanese chipmaker TSMC has expressed optimism regarding ongoing talks to establish its first European factory in Germany. The company has been in discussions with the German state of Saxony since 2021 about constructing a fabrication plant in Dresden. The European Union recently approved the EU Chips Act, a US$46.07 billion subsidy plan aimed at doubling the region’s chipmaking capacity by 2030 to compete with Asia and the United States.
TSMC Chairman Mark Liu informed shareholders that company executives had visited Germany several times for discussions about the potential new facility. He reported a positive feeling so far, with ongoing negotiations on subsidies and addressing supply chain and labour gaps in Germany. The company is one of several, including Intel and Wolfspeed, looking to tap into government funding for European chip factories.
…
