Taiwan Semiconductor said to discuss building German plant this week
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Taiwan Semiconductor (NYSE:TSM) is reportedly discussing this week whether to build a manufacturing plant in Dresden, Germany.
The global foundry's board of directors is meeting to discuss the plant, which would receive roughly $5.5B in support from the Germany government, German news outlet Handelsblatt reported, citing sources inside the government.
Taiwan Semiconductor (TSM) did not immediately respond to a request for comment from Seeking Alpha.
In May, it was reported that Taiwan Semiconductor was working with several other semiconductor companies, including NXP Semiconductors (NXPI) and Infineon (OTCQX:IFNNY) about building the plant.
Global semiconductor companies have increasingly looked to Germany as the nation works to boost its domestic chip industry.
Last March, Intel (INTC) said it would invest approximately $88B, or 80Bâ¬, in chip manufacturing in Europe over the next decade, including an $18.6B mega fab in Germany. In June, the company announced plans to invest 30Bâ¬ to build two semiconductor facilities in the country.
In February, Wolfspeed (WOLF) said it would build a new $2.3B plant in Saarland, Germany, producing cutting edge 200 millimeter wafers.
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