TSMC’s very first chip factory in Europe gets EUR5B state help from Germany
The European Commission today authorized EUR5bn in German state help to support TSMC's chip plant in Dresden-- its very first in Europe.
Called European Semiconductor Manufacturing Company (ESMC), the fab is a joint endeavor in between the Taiwanese chip giant, the Netherlands' NXP, and Germany's Bosch and Infineon.
TSMC will own 70% of the factory, while the European chipmakers will each have a 10% equity stake.
The EUR5bn state help belongs to the EU's Chips Act, which intends to increase the bloc's share of international chip production to 20% by 2030. It's likewise the greatest grant to date under the act (supplying about half of the approximated +EUR10bn financial investment required for the fab)-- and for excellent factors.
The very first (apparent) one is TSMC's crucial position in ...