Another reason why I'm not worried about TSMC's future despite the potential risk of conflict with China 👇
Taiwanese chipmaker TSMC said it is on track to open its first European factory in Germany and is discussing subsidies with the host country's government, the company's chairman said on Tuesday.
TSMC, the world's largest chipmaker, is in talks with the German state of Saxony to build a manufacturing plant, or "fab," in Dresden starting in 2021.
The European Union has approved the EU Chips Act, a 43 billion-euro ($46.07 billion) subsidy plan to double chip-making capacity by 2030 in a bid to catch up with Asia and the United States.