TSMC’s senior vice president Kevin Zhang told reporters on Tuesday that talks to build a chip manufacturing plant in Germany are still underway and a decision will be given as early as August, Reuters reported.
Kevin Zhang said, “I think we need to diversify our supply for our customers, and Europe is a very important geographic area.”
Kevin Zhang did not disclose the size of the potential project’s subsidy, its cost or the names of the companies involved. A spokeswoman for Germany’s economy ministry confirmed to Reuters that talks with TSMC are still ongoing, but did not provide details.
As reported earlier this month, TSMC is in talks with partners to invest up to 10 billion euros (currently about RMB 76.1 billion) to build a chip manufacturing plant in Germany.