TSMC approves plan to build semiconductor factory in Germany, total investment will exceed 10 billion euros

TSMC issued a press release today, announcing that the company's board of directors has approved a plan to invest in the construction of a semiconductor factory in Germany

According to the press release, it has approved the investment in European Semiconductor Manufacturing Company, a German subsidiary of TSMC's main holdings, with an investment amount of No more than 3.5 billion euros (approximately 27.685 billion yuan), aiming to provide professional integrated circuit manufacturing services

According to Infineon’s press release, TSMC will hold 70% of the joint venture, while Bosch, Infineon and NXP Semiconductors will each hold 10% of the equity, provided that regulatory approval and other conditions are met

According to reports, the project has received strong support from the European Union and the German government, and the total investment It is expected to exceed 10 billion euros (approximately 79.1 billion yuan), including equity financing and borrowings

Source Pexels

TSMC has been negotiating with the German state of Saxony to build a factory in Dresden since 2021. After approval by the board of directors, TSMC plans to sign a financing letter of intent with Berlin, and the final decision will be made by the European Commission

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