Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023.
REUTERS/Ann Wang/File PhotoBERLIN, Aug 7 (Reuters) - Taiwanese semiconductor manufacturer TSMC's (2330.TW) board of directors will decide in favour of building a factory in the German city of Dresden, the Handelsblatt daily reported on Monday, citing government sources.
The German government will support the construction of the factory with 5 billion euros ($5.49 billion), according to the sources.
TSMC, the world's largest contract chipmaker, has been in talks with the German state of Saxony since 2021 about building a fabrication plant, or "fab", in Dresden.
It will operate the factory in a joint venture with partners Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXPSM.UL), the sources told Handelsblatt.
Persons:
Ann Wang, Bosch, Handelsblatt, Miranda Murray, Friederike Heine Our
Organizations:
Taiwan Semiconductor Manufacturing, REUTERS, Infineon, European, Intel, Thomson
Locations:
Hsinchu, Taiwan, German, Dresden, Saxony, Berlin, Europe, Brussels