Taiwan’s TSMC to invest €3.5bn in Dresden chip factory ...Middle East

The board of Taiwanese chipmaker TSMC this week voted to invest €3.5bn in a factory in the east German city of Dresden. It said this investment would probably rise to €10bn over time, consisting of equity, loans and “strong” support from the EU and the German government According to reports in the German press on Monday, Berlin will make €5bn available to support the project. The factory will be owned by the European Semiconductor Manufacturing Company, which will be 70% owned by TSMC. German firms Bosch and Infineon Technologies and the Netherlands’ NXP Semiconductors will each have a 10% stake. TSMC, the world’s largest chip fabricator, has been in talks for two years wit

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