Be the first has expressed optimism concerning ongoing talks to ascertain its first European factory in Germany. The firm has been in discussions with the German state of Saxony since 2021 about setting up a fabrication plant in Dresden. The European Union just lately approved the EU Chips Act, a US$46.07 billion subsidy plan geared toward doubling the region’s chipmaking capacity by 2030 to compete with Asia and the United States.
TSMC Chairman Mark Liu knowledgeable shareholders that company executives had visited Germany several occasions for discussions about the potential new facility. Restricted reported a positive feeling so far, with ongoing negotiations on subsidies and addressing provide chain and labour gaps in Germany. The company is one of a number of, including Intel and Wolfspeed, seeking to tap into government funding for European chip factories.
The EU is encouraging domestic manufacturing by offering billions in state subsidies to scale back reliance on Asian suppliers and alleviate the global chip scarcity that has disrupted the automotive industry. The bloc aims to double its international market share to 20% by 2030. TSMC does not anticipate making a ultimate choice on the German plant before August at the earliest, based on an executive last month.
In addition to its European plans, TSMC is investing US$40 billion in a new facility in Arizona, supporting the US’s ambition for increased domestic chip production. However, the company has expressed issues concerning the criteria for US semiconductor subsidies, as have South Korean chipmakers. Industry insiders have advised that the applying process may reveal confidential company strategies..