Excitement in the German IT industry: The world’s largest contract chip manufacturer TSMC – technology leader in semiconductor manufacturing – from Taiwan is targeting Dresden as a possible production location.
The manufacturer, which supplies Apple, among others, is in advanced talks with key suppliers for the construction of its first potential European factory in the Saxon capital, the Financial Times reported on Friday, citing people familiar with the matter.
A team of TSMC managers will come to Germany in early 2023 to assess the level of government support and the ability of local supply chains to meet needs. TSMC was not immediately available for comment. Earlier this month, TSMC announced it will more than triple its planned investment in its new Arizona facility to $40 billion.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
