Reported about 2 months ago
Taiwan Semiconductor Manufacturing Company (TSMC) has officially begun construction on its first European semiconductor plant in Dresden, Germany, with an investment of $11 billion, part of Germany's strategy to enhance domestic chip production amid rising geopolitical tensions. This facility, in collaboration with major European firms and supported by significant government subsidies, aims to help Europe secure its semiconductor supply, particularly for the automotive sector. Production is expected to commence by the end of 2027.
Source: YAHOO