Microchip giant TSMC plans to set up its first factory in Germany

by time news

2023-08-08 18:10:48

The world’s leading producer of electronic chips, the Taiwanese group TSMC, has just given the green light to its factory project in Dresden, Saxony. They will manufacture semiconductors there from 2027.

Published on: 08/08/2023 – 18:10

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The start of work is scheduled for 2024 with effective commissioning in 2027. This plant project, which represents some 10 billion euros in investment, should create around 2,000 jobs. It will be a joint venture, associating the Taiwanese group, the Germans Bosch and Infineon, as well as the Dutch NXP, specifies our correspondent in Berlin, Blandine Milcent.

The Taiwanese company would invest nearly 3.5 billion euros in the future plant and will own 70% of the project. This is TSMC’s first factory in Europe, as Western countries strive to tighten their control over the manufacture of these crucial components to produce all electronic objects.

German state subsidies

As part of the plan validated in the spring in Brussels to stimulate the semiconductor industry, the German state plans to grant a subsidy of around 5 billion euros to this new production site. But this is not the only production site concerned. Berlin thus announced in June 2023 to increase to 10 billion euros the amount of aid granted this time to the American Intel, which launched work on its Magdeburg site in Saxony-Anhalt. Similarly, the American Wolfspeed in Saarland will also benefit from state aid up to a quarter.

Germany thus wants to become the manufacturing center for electronic chips in Europe, to respond to the shortage of semiconductors, but also to American and Asian competition.

Read alsoApple invests one billion euros in the design of electronic chips in Germany

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