Reported 7 months ago
According to the EU Chip Act, Europe aims to reach one-fifth of the global chip production by 2030, currently standing at 8%. Various semiconductor companies like Bosch, Infineon, and Globalfoundries are already established in Eastern Germany, with Intel and TSMC set to join. The establishment of TSMC's factory in Dresden will create a complete semiconductor ecosystem in Germany, aiming to reduce Europe's reliance on imported chips from Asia. The investment and collaborations are expected to improve the industrial landscape, attract talent, and generate revenue for the region.
Source: YAHOO