Germany spends big to win $11 billion TSMC chip plant
TAIPEI/BERLIN, Aug 8 (Reuters) - Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home.
The plant, which will be TSMC's (2330.TW) third outside of traditional manufacturing bases Taiwan and China, is central to Berlin's ambition to foster the domestic semiconductor industry its car industry will need to remain globally competitive.
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