TSMC in Talks for Up to Half German Plant’s Cost in Subsidies
- Project could be approved by TSMC’s board as early as August
- Other production projects received as much as 40% in state aid
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Taiwan Semiconductor Manufacturing Co., the world’s biggest contract chipmaker, is in talks to receive German government subsidies for as much as 50% of the costs to build its new semiconductor plant in the country, people familiar with the matter said.
The government is in ongoing negotiations with TSMC as well as its partners on the project — Bosch Ltd., NXP Semiconductors NV and Infineon Technologies AG — the people said, asking not to be identified because the deliberations are private. No final decisions have been made and the final subsidy amount could still change. Any state aid must also be signed off by the European Commission.