Overview

• Groundbreaking ceremony scheduled for August 20, led by TSMC CEO C.C. Wei.
• The plant, known as European Semiconductor Manufacturing Corp (ESMC), involves partners Bosch, Infineon, and NXP.
• ESMC will focus on producing older process nodes for automotive and industrial applications.
• The German government is providing €3.5 billion in subsidies to support the project.
• The facility is expected to create 2,000 high-tech jobs and enhance EU semiconductor capabilities.