Germany Expects TSMC to Approve Dresden Chip Plant Tuesday
- Government to fund as much as half cost of $11 billion plant
- Fab to focus on manufacturing semiconductors for auto sector
The Taiwan Semiconductor Manufacturing Co. headquarters in Hsinchu, Taiwan.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
The German government expects Taiwan Semiconductor Manufacturing Co. to give the go-ahead for the construction of a €10 billion ($11 billion) facility in the eastern city of Dresden on Tuesday after a board meeting, according to people familiar with the matter.
Chancellor Olaf Scholz’s ruling coalition will provide as much as €5 billion in subsidies for the plant, which will specialize in making chips for the automotive sector, Bloomberg has reported.