Particle.news

Download on the App Store

TSMC announces €22 billion plan to build semiconductor factory in Germany

Image
Image
People attend the opening of TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo
TSMC logo

Overview

  • Taiwanese chipmaker TSMC plans to build a €12 billion factory in Dresden, Germany with Bosch, Infineon and NXP.
  • The factory is set to open in 2027 with a capacity of 40,000 wafers per month.
  • The German government will contribute €5 billion for construction from its climate and transformation fund.
  • The move is part of a wider European effort to increase domestic chip production and supply chain resilience.
  • TSMC will hold a 70% stake in the joint venture, with the other partners each holding 10%.