The German media “Business Daily” quoted government sources as saying that TSMC’s board of directors will decide to build a factory in Dresden, Germany.
According to sources, the German government will spend 5 billion euros to support the construction of the factory. The German Economy Ministry declined to comment.
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It is said that TSMC has been negotiating with the German state of Saxony to build a factory in Dresden since 2021. The company will operate the plant in a joint venture with partners Bosch, Infineon and NXP, the sources said.
After the approval of the board of directors, TSMC plans to use the Dresden plant to sign a financing letter of intent with Berlin, which will eventually be decided by the European Commission.
