TSMC to Build $11 Billion German Plant With Other Chipmakers

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TSMC said that it will contribute 3.5 billion euros to the project, dubbed European Semiconductor Manufacturing Company GmbH. Photo: Bloomberg

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) has agreed to build a 10 billion euro ($11 billion) plant in eastern Germany in partnership with Infineon Technologies AG, NXP Semiconductors NV and Robert Bosch GmbH.

The planned fab will be 70% owned by TSMC, which will operate the facility in the city of Dresden, with Infineon, NXP and Bosch each holding a 10% equity stake, subject to regulatory approval, the companies said Tuesday in a joint statement.