Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home.
The plant, which will be TSMC’s (2330.TW) third outside of traditional manufacturing bases Taiwan and China, is central to Berlin’s ambition to foster the domestic semiconductor industry its car industry will need to remain globally competitive.
This plant will be for more than just assembly, right?
Remember last week when everyone thought the UK investing a fraction of that amount in a battery plant was some sort of gotcha against the UK? Let’s see how the comments here pan out.
A better use of the $11bn would be securing energy supply rather than being bent over by Russia for so long
I thought this plant was supposed to be in Lithuania?
With what electricity?! Lmfao
So, does Germany own part of the chip plant or is it just hoping that it will gain more from taxes in the long run ?
>TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany,
>
>.. Germany, .. , will contribute up to 5 billion euros to the factory in Dresden
I’m for subsidies for important industries like this, but it does seem a little distasteful that the tax payer is contributing more to the factory than TSMC, when the companies gets all of the profits.
This is very smart. Why aren’t other european countries doing this?
As I said in other topics talking about the EU being behind in the tech industry, this is the way to go.
We are going to import chips anyway, so in the long run it’s a gain. The same applies to batteries, EVs, even rare earth metals. We still miss big tech giants for social networks, cloud infrastructures, online shopping, it’s something we have to fix quickly.
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Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home.
The plant, which will be TSMC’s (2330.TW) third outside of traditional manufacturing bases Taiwan and China, is central to Berlin’s ambition to foster the domestic semiconductor industry its car industry will need to remain globally competitive.
This plant will be for more than just assembly, right?
Remember last week when everyone thought the UK investing a fraction of that amount in a battery plant was some sort of gotcha against the UK? Let’s see how the comments here pan out.
A better use of the $11bn would be securing energy supply rather than being bent over by Russia for so long
I thought this plant was supposed to be in Lithuania?
With what electricity?! Lmfao
So, does Germany own part of the chip plant or is it just hoping that it will gain more from taxes in the long run ?
>TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany,
>
>.. Germany, .. , will contribute up to 5 billion euros to the factory in Dresden
I’m for subsidies for important industries like this, but it does seem a little distasteful that the tax payer is contributing more to the factory than TSMC, when the companies gets all of the profits.
This is very smart. Why aren’t other european countries doing this?
As I said in other topics talking about the EU being behind in the tech industry, this is the way to go.
We are going to import chips anyway, so in the long run it’s a gain. The same applies to batteries, EVs, even rare earth metals. We still miss big tech giants for social networks, cloud infrastructures, online shopping, it’s something we have to fix quickly.
waste of money probably