THE European Commission has committed $5.53 billion in state aid to support Taiwan Semiconductor Manufacturing Co. (TSMC) in establishing its first chipmaking facility in Europe, located in Dresden, Germany.
THE European Commission has committed $5.53 billion in state aid to support Taiwan Semiconductor Manufacturing Co. in establishing its first chipmaking facility in Europe, located in Dresden, Germany.This significant investment represents half of the $11.03 billion total cost for the new facility and is the largest award approved under the European Union's Chips Act, a $43 billion initiative aimed at boosting semiconductor manufacturing across the continent.
87 billion to the venture, securing a 70 percent stake, while the other three companies will each hold a 10 percent stake.'This new facility is set to be operational by 2027, positioning TSMC alongside other major semiconductor players like Intel, which is also building a $33.16 billion facility in Germany, scheduled to open in 2028.
Commits To Multibillion TSMC Chip Site
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