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July 27, 2021 06:45 am GMT

TSMC Looking to Build a Fab in Germany

TSMC, as part of its strategy to build cutting-edge semiconductor foundries in the US and EU, is looking to build a ground-up fab in Germany. The company's chairman, Mark Liu, made an announcement to this effect in the company's annual general meeting (AGM), addressing shareholders, held on July 26. This move is still in its "early stages," according to a DigiTimes report, with the company prospecting a suitable site across the country. The size and scale of TSMC's investment remains under the wraps.

TSMC's expedition to Germany aligns with an ambitious plan by the European Commission to make the EU a net-exporter of semiconductors and electronics by 2030. TSMC will have Intel Foundry Services for company in Germany, as an acquisition of Global Foundries would put Intel in control of its real-estate in Dresden. Intel is still prospecting the EU for a suitable place to invest 20 billion, besides ongoing investments in states such as the Republic of Ireland.

Original Link: https://www.techpowerup.com/284949/tsmc-looking-to-build-a-fab-in-germany

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