TSMC to decide in favour of German factory on Tuesday - Handelsblatt

FILE PHOTO: Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo

BERLIN (Reuters) - Taiwanese semiconductor manufacturer TSMC's board of directors will decide in favour of building a factory in the German city of Dresden, the Handelsblatt daily reported on Monday, citing government sources.

The German government will support the construction of the factory with 5 billion euros ($5.49 billion), according to the sources.