EC commits to multibillion TSMC chip site

by The Manila Times

Sep 08, 2024 12:05 am

THE European Commission has committed $5.53 billion in state aid to support Taiwan Semiconductor Manufacturing Co. (TSMC) in establishing its first chipmaking facility in Europe, located in Dresden, Germany.

This significant investment represents half of the $11.03 billion total cost for the new facility and is the largest award approved under the European Union's (EU) Chips Act, a $43 billion initiative aimed at boosting semiconductor manufacturing across the continent.

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