TSMC is apparently planning on building its first ever chip production facility in Europe. Germany will be the site for its latest semiconductor facility and the company is reportedly in advanced talks with the German government for this plan.
According to a new report, the world’s largest contract chipmaker is in serious and advanced discussion with the German state for the building of this new chip plant. As per sources close to the matter, the move from the company arrives after the local government had announced subsidies to support the investment. For those unaware, the European Union had unveiled the European Chips act to ease government funding rules for semiconductor plants that had previously faced state aid bans.
One of the sources added that the talks between TSMC and Saxony are “serious and advanced”. Furthermore, the delegations from the eastern German state has also been coming to Taiwan for move forward this plan with the chipmaker. Setting up an advanced semiconductor production facility is a hefty investment and the costs also includes labor as well. Thus, TSMC is in discussion over subsidies that it could get in return of setting up the first European chip plant in Germany.
As per the company’s official statement back in December 2022, there is still “no concrete plan” to build a chip factory in the region. The German and Saxony government are open to provide subsidies but are also seeking further EU funds since “without subsidies nobody will come,” as per one of the sources.
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(Via)
