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

by Marciu73

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  1. **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.

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