TSMC's Bold Move: A Secretive Plan for a German Chip Plant Revealed

TSMC Set to Build Chip Plant in Germany

Taiwan Semiconductor Manufacturing Company (TSMC) is nearing approval from its board to construct a chip factory in Germany as part of the country's €20 billion investment to boost its local semiconductor ecosystem.

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The German government plans to contribute €5 billion for the manufacturing facility in Dresden, which will be established through a joint venture between TSMC, Bosch, Infineon, and NXP, as reported by Reuters.

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The Dresden facility, which has been under discussion since 2021, will primarily focus on producing chips for the automotive industry.

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The board of directors at TSMC is expected to grant final approval during a meeting on Wednesday, following which the company will formalize funding for the establishment through a letter of intent with Berlin authorities.

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The decision will ultimately be made by the European Commission.

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Germany has allocated €10 billion of its investment fund to support the construction of Intel's manufacturing site in Magdeburg, while an additional €750 million state fund is earmarked for a joint R&D center by German automotive supplier ZF Friedrichshafen and US chipmaker Wolfspeed.