TSMC setting up a factory in Germany
Taiwan Semiconductor Manufacturing Company (TSMC) hopes to set up its first factory in Germany. In a recent statement, the chairman of the company said that the government subsidy for setting up the factory is under discussion.
According to the information published by the news agency Reuters, since 2021, this chip manufacturing companies has been negotiating with the German state of Saxony to set up a factory or fab.
On the other r, the European Union (EU) has approved the EU CHIPS Act. In this, 4 thousand 3 hundred crore Euros or 4 thousand 607 crore dollars of subsidy projects have been accepted. Through this, chip production capacity will be doubled by 2030. Basically, this initiative is to survive in competition with Asia and the United States.
"Discussions are still going on with the German government about the subsidy," Liu said. Besides, it is being looked at that there should be no conditions.'
