The European Commission today approved €5bn in German state aid to support TSMC’s chip plant in Dresden — its first in Europe. Dubbed European Semiconductor Manufacturing Company (ESMC), the fab is a joint venture between the Taiwanese chip giant, the Netherlands’ NXP, and Germany’s Bosch and Infineon. TSMC will own 70% of the factory, while the European chipmakers will each have a 10% equity stake.
Comment on TSMC’s first chip factory in Europe gets €5B state aid from Germany
Ioanna Lykiardopoulou, The Next Web
Tue, 08/20/2024 - 5:56am
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