Taiwan Semiconductor Manufacturing Co. (TSMC) has agreed to build a €10 billion ($11 billion) plant in Germany in partnership with Infineon Technologies AG, NXP Semiconductors NV, and Robert Bosch GmbH.
Debby Wu and Aggi Cantrill for Bloomberg News:
The planned fab will be 70% owned by TSMC, which will operate the facility in the city of Dresden, with Infineon, NXP and Bosch each holding a 10% equity stake, subject to regulatory approval, the companies said Tuesday in a joint statement.
Slated to begin production by the end of 2027, it will provide chips for the automotive and industrial sectors and is a first step for TSMC in establishing a major European presence to counter risks from escalating US-Chinese tensions.
It’s also another coup for Chancellor Olaf Scholz’s ruling coalition, which has agreed €10 billion in aid for a new Intel Corp. plant in Magdeburg in a push to shore up the country’s tech sector and secure supplies of critical components. The government will provide as much as €5 billion in subsidies for TSMC’s Dresden factory, Bloomberg has reported.
The Taiwanese company said in a separate statement that it will contribute €3.5 billion to the project, dubbed European Semiconductor Manufacturing Company GmbH. Total investment is expected to amount to more than €10 billion, including “strong support from the European Union and the German government,” and it will create about 2,000 direct high-tech jobs, the companies said.
MacDailyNews Note: More info in the companies’ press release here.
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They won’t have the energy to drive it. They killed their internal energy, and need to purchase energy from outside their country. Just like Biden wants to do here.
You don’t offer reasons for your claim. I spend a lot of time in Germany. They did suffer when Putin stopped the flow of gas, but they are now very much less reliant on gas than they were a year ago.
Renewables now account for a very high proportion of German energy and overtook gas powered generation this year.
Germany has built many solar and wind powered systems, you see them everywhere if you travel around. They have reliable sources of electricity and it’s cheaper too.
https://www.weforum.org/agenda/2022/08/energy-crisis-germany-europe
You’re nuts.
Germany is scrambling to buy “import” LNG, taxes on the people to help pay for it, bringing back oil and coal power plants, nuclear and the best of all, RATIONING. It’s all in the linkJK posted from a news source called Reuters.
Whatever difficulties this new plant might face, electrical supply will not be one of them. Saxony has reliable green energy supplies. TSMC have bought massive amounts of green energy supplies for it’s existing sites,
I’m getting a feeling of deja vu. A few years ago, any mention of Apple operating in India was met with ridicule from MDN readers. Whenever I said that India was a good business opportunity for Apple, it was voted down. It will be interesting to see how this TSMC fab in Dresden pans out over the next few years. I’m pretty confident that it will do well.
alanaudio thinks they are fighting for LNG for outdoor grills, not creating electricity.
If only we had trade policies here in the US that helped promote and foster chip factories.
If only tariffs were raised against communist countries with slave labor.
If only business laws were created to make it more profitable to create factories here in the US.
Nah, lets send all our highly technical manufacturing to a communist country that will copy it and screw us over. Except for some people that get “kickbacks” and 10% for the big guy.
For clarification. Germany used to be reliant on cheap gas from Russia for generating electricity. When Putin stopped supply gas soon after the invasion of Ukraine, Germany had a mad scramble to source LNG from elsewhere in vast quantities in order to solve an immediate problem.
A lot has changed in the last year or so and Germany know that the days of cheap LNG are over. Alternative sources of energy have been rapidly introduced, mostly green energy in one form or another. Germany is much more resilient now than it was when the gas was turned off and the green energy sources are cheaper and better for the environment, which offers advantages into the future.
I will be back in Germany at the end of next week and will be taking a special interest in what they are doing about electricity generation as they head towards another winter. Germany has many faults, but only a fool would bet against Germany doing whatever it takes for their industries to flourish.
Link to your data. Lots of typing with no backup.
The MDN App on my iPad doesnt let me paste text, otherwise I would include links.
Try going to Fraunhofer.de and looking for their English language press releases > German net power generation 2023
I bet you are finding lots of articles that support the truth about their energy weakness, and it’s hard to find one that says, “Hey, everything is fine!”
FYI. My wife is German, we frequently visit Germany and are always in touch with her family, who live fairly close to Dresden. We read German newspapers and watch German TV.
Many of the claims in American newspapers are either outdated or downright wrong. Germany has recently shut down the last of its nuclear powered stations. They no longer need them. They are burning much less lignite and gas because they have transitioned towards green energy.
Even your silly jibe about LPG for grills shows how little you know about Germany. Outside of cities, they prefer to use wood for grilling. Not charcoal, not gas – birch logs.
Feel free to believe whatever you want, but the situation in Germany isn’t anything like the reports published in some American sites. Americans in turn would be horrified to read what European newspapers say about things going on in America.
The funniest thing is you say “believe what you want”, but still go into paragraphs about why you are right. You have a belief, that the main stream media told you to believe, and you don’t want to be wrong. Well, you have been deceived, and are willing to fight for it. Wake up Mr Woke.
https://twitter.com/balancealways/status/1696848789280072109?s=20