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CHART: Taiwanese chipmaker TSMC to set up a plant in Europe

Taiwanese chipmaker TSMC is in advanced talks with key suppliers about the possibility of setting up its first European plant in Dresden, Germany, according to a report by Financial Times. The move would allow TSMC to capitalise on the growing demand from the region's car industry and comes

Acquah Nana Yeboah profile image
by Acquah Nana Yeboah
CHART: Taiwanese chipmaker TSMC to set up a plant in Europe
Photo by Alexandre Debiève / Unsplash

Taiwanese chipmaker TSMC is in advanced talks with key suppliers about the possibility of setting up its first European plant in Dresden, Germany, according to a report by Financial Times.

The move would allow TSMC to capitalise on the growing demand from the region's car industry and comes as the European Union seeks to reduce its reliance on imported semiconductors, particularly from Asia.

Acquah Nana Yeboah profile image
by Acquah Nana Yeboah

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