TSMC in talks with suppliers over first European plant - FT

FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS/Ann Wang/File Photo

(Reuters) -Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC) is in advanced talks with suppliers about setting up its first European plant in the German city of Dresden, the Financial Times reported on Friday.

TSMC is sending a team of senior executives to Germany early next year to discuss the level of government support and the capacity of the local supply chain to meet the prospective plant's needs, the report said, citing people familiar with the matter.