TSMC's Germany chip plant talks hone in on govt subsidies -sources

FILE PHOTO: A logo of taiwanese chip giant TSMC is seen at southern Taiwan science park in Tainan, Taiwan December 29, 2022.REUTERS/Ann Wang

TAIPEI (Reuters) - 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 said.

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 EU member Germany, in what would be its first European plant.