TSMC’s Germany chip plant talks hone in on government subsidies

Talks between TSMC and Saxony are “serious and advanced”, and delegations from the eastern German state with its capital in Dresden, have been coming to Taiwan for talks with TSMC, a source said. — Bloomberg

TAIPEI: Taiwan chipmaker TSMC’s talks with the German state of Saxony about building a new factory are at an advanced stage and are now focused on government subsidies to support the investment, two people familiar with the matter say.

TSMC, the world’s largest contract chipmaker and Asia’s most valuable listed company, flagged in 2021 that it was in the early stages of reviewing a potential expansion into European Union (EU) member Germany, in what would be its first European plant.