Taiwan Semiconductor Manufacturing Company said on Tuesday it would team up with three German technology firms to build a facility in eastern Germany capable of producing up to 40,000 microchips each month as part of efforts to further diversify its production locations.
TSMC, the world’s largest maker of semiconductors, said it would invest 3.5 billion euros ($3.8 billion) and own 70 percent of the joint venture, to be located in Dresden.
The German companies Robert Bosch, Infineon Technologies and NXP Semiconductors will each control 10 percent.
The combined private and public investment, “including strong support from the European Union and German government,” is expected to total €10 billion, the company said.
The plant would be TSMC’s first location in Europe, and represents a win for Germany, which has been seeking out manufacturers of microchips, the tiny devices essential for the country’s large automotive industry and countless other devices.
Persons:
Robert Bosch, ”
Organizations:
Taiwan Semiconductor Manufacturing Company, Infineon Technologies, European Union, Germany
Locations:
Germany, Dresden, Europe