"We are dependent on semiconductors for our sustainable future technologies, but we must not be dependent on other regions of the world for the supply of semiconductors," said German Chancellor Olaf Scholz, emphasizing the EU's need for self-sufficiency in semiconductor production amid global tensions.
Germany aims to produce one-fifth of the world's semiconductors by 2030, spearheading a EU initiative to strengthen chip manufacturing capabilities following supply chain disruptions during the COVID-19 pandemic.
TSMC will anchor the Dresden project with a 70% stake, focusing on producing chips for automotive and industrial sectors, highlighting the strategic significance of this investment for Europe's tech landscape.
The German government is committing €20 billion to bolster domestic chip production, including the TSMC plant and significant aid for Intel Corp., reflecting a robust effort to secure critical supply chains.
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