Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Israeli occupation targets Deir Keefa in South Lebanon with 2 surface-to-surface missiles
Philippe Lazzarini: The famine in Gaza is a direct result of banning food and other basic supplies for months including from UNRWA .
Philippe Lazzarini: The spread of famine can still be controlled by a ceasefire and allowing humanitarian organizations to do their work and reach starving people with aid.
The United Nations on the Israeli-induced famine in Gaza: The starvation of civilians for military objectives is a war crime.
UNRWA Commissioner-General Philippe Lazzarini: famine is now confirmed in Gaza city. This is starvation by design and manmade by the Government of Israel.
More than 30 people have been martyred in Gaza since Friday dawn in Israeli bombardment targeting refugee camps throughout the blockaded strip.
Al Mayadeen correspondent: The Israeli occupation forces are carrying out demolitions of residential buildings in Gaza's al-Tuffah neighborhood amid intensifying airstrikes.
Israeli media: A man is critically wounded from a shooting near Malachi Hashalom between Ramallah and Nablus, and ambulance crews are on their way to the scene.
Al Mayadeen correspondent: One person was martyred in an Israeli airstrike that targeted a motorcycle in southern Lebanon's Deir Saryan.
Al Mayadeen's correspondent to Southern Lebanon: An Israeli drone strike on a motorcycle in the town of Deir Saryan left one civilian injured

Taiwanese TSMC accepts $3.8 bln Germany microchips factory plan

  • By Al Mayadeen English
  • Source: Reuters
  • 8 Aug 2023 16:14
2 Min Read

The board approves a $3.8 billion investment for the construction of its first European factory, in Germany.

  • x
  • The photo showing the icon of TSMC during the Taiwan Innotech Expo at the World Trade Center in Taipei, Taiwan, on October 14, 2022. (AP)
    The photo showing the icon of TSMC during the Taiwan Innotech Expo at the World Trade Center in Taipei, Taiwan, on October 14, 2022. (AP)

Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) said on Tuesday that its board had approved a 3.5-billion euro ($3.8 billion) investment for the construction of its first European factory, in Germany.

TSMC has been since 2021 in discussions with the German state of Saxony about constructing a manufacturing facility, or "fab," near Dresden.

The facility, which will be TSMC's third outside of the traditional production hotspots of Taiwan and China, is essential to Berlin's goal of developing the local semiconductor industry.

Read: Taiwan chipmaker TSMC shares dip by 3.3% after revenues dropped 10%

The corporation approved the investment of up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Corporation (ESMC) GmbH, of which it would hold 70%, to supply foundry services, according to a brief statement released following a board meeting.

Related News

Taiwan plans to boost defense spending above 3% of GDP

US Navy drone fleet faces failures in tests to counter China

The German semiconductor companies Bosch and Infineon and the Dutch company NXP will each own 10% of the facility, which can produce 40,000 300-millimeter wafers per month. It's scheduled to debut in 2027.

In an effort to catch up with Asia and the United States, the European Union has passed the EU Chips Act, a 43 billion euro subsidy plan to multiply by two its chipmaking capacity by 2030.

TSMC is one of many chipmakers attempting to obtain government support to construct plants in Europe, including Intel (INTC.O) and Wolfspeed (WOLF.N).

By paying billions in state subsidies, Brussels and EU member states are encouraging domestic manufacture in an effort to reduce reliance on Asian suppliers and alleviate a global chip shortage that has caused major problems for the auto industry.

By 2030, the bloc wants to have a 20% market share worldwide.

To support Washington's aspirations for expanding domestic chip production, TSMC is also investing $40 billion in a new plant in the western US state of Arizona. The company currently runs a plant in Japan under a joint venture with Sony.

As part of the overall $40 billion investment, TSMC said in a statement following the board meeting that it had also approved a capital infusion of no more than $4.5 billion for the Arizona factory.

  • Taiwan
  • chipmaking
  • Germany
  • TSMC
  • China

Most Read

Declassified: CIA’s covert Ukraine invasion plan

Declassified: CIA’s covert Ukraine invasion plan

  • Opinion
  • 16 Aug 2025
Displaced Palestinians walk through a makeshift camp along the beach in Gaza City, Sunday, Aug. 10, 2025 (AP)

Hamas, other factions accept Egypt-Qatar ceasefire proposal: Exclusive

  • Politics
  • 18 Aug 2025
Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Those in Occupied Palestine, Lebanon, and Syria – directly affected by Israeli occupation and apartheid – can claim their right to armed struggle under a series of UN resolutions. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

Resistance and regime change in occupied Palestine

  • Opinion
  • 17 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Corbyn to Al Mayadeen: New Party to Fight for Justice and Palestine
Politics

Corbyn to Al Mayadeen: New Party to Fight for Justice and Palestine

ap
Politics

Dutch FM Veldkamp resigns over Cabinet's block on 'Israel' sanctions

Launch of a ballistic missile from Yemen toward the occupied Palestinian territories. (YAF military media)
Politics

Yemeni Forces announce firing hypersonic missile at Al-Lydd Airport

A young boy waves his flag among others as people gather in central Sydney for a rally Sunday, Oct. 15, 2023, to support Palestinians in Gaza. (AP)
Politics

Gaza war shifts 'Israel'-Australia ties: Canberra recognizes Palestine

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS