Recently, the German antitrust agency announced approval for Bosch, Infineon, and NXP to invest in TSMC's German Dresden 12 inch chip factory.
The German Enterprise Joint Management Agency stated that the three companies will each acquire a 10% stake in European Semiconductor Manufacturing Company (ESMC), a semiconductor company established by TSMC.
Andreas Mundt, head of the German Enterprise Joint Management Agency, said in a statement: "The recent geopolitical turmoil demonstrates how important it is to ensure semiconductor supply, especially for German industry." Mundt also added that both the European Union and Germany are committed to bringing more semiconductor production to Europe and Germany.
TSMC is the world's largest chip foundry manufacturer, and since 2021, the company has been discussing the establishment of a manufacturing factory (also known as a "wafer factory") in the eastern state of Saxony, Germany.
This factory will be TSMC's first factory in Europe, and it will play a crucial role in the German government's ambition to promote the development of the domestic chip industry. The new factory is scheduled to enter operation in 2027 and is expected to produce 40000 300mm wafers per month.
Previously, on August 8th, TSMC announced that it had approved a plan to invest in semiconductor factories in Germany, jointly establishing a joint venture company ESMC with Bosch, Infineon, and NXP, and approved an investment of no more than 3.49993 billion euros in ESMC to provide OEM services in Germany. The joint venture will be held by TSMC with 70% of the shares, and Bosch, Infineon, and Enzhipu each holding 10% of the shares. The total investment is expected to exceed 10 billion euros, and the factory will be operated by TSMC.
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