Aug 8, 2023

TSMC board to vote Tuesday to build German factory-Handelsblatt

Posted by in categories: economics, government

BERLIN, Aug 7 (Reuters) — Taiwanese semiconductor manufacturer TSMC’s (2330.TW) board of directors on Tuesday will decide in favour of building a factory in the German city of Dresden, the Handelsblatt daily reported, citing government sources in Germany.

The German government will provide 5 billion euros ($5.49 billion) to support the construction of the factory, Handelsblatt’s report said on Monday.

The German economy ministry declined to comment on the report, as did the government of the eastern state of Saxony, where Dresden is located.

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