Cost: €10 billion

Groundbreaking ceremony for new TSMC chip factory in Dresden

The construction of a new chip factory in Dresden began with a symbolic ground-breaking ceremony on Tuesday. The investment of over €10 billion is a joint project between the Taiwanese industry giant TSMC and the companies Bosch, Infineon and NXP, which are already based in Dresden.

TSMC will hold 70 percent of the company, the other partners ten percent each. The plant will be called the European Semiconductor Manufacturing Company (ESMC) and is intended to make a significant contribution to the EU's security of supply of semiconductors.

Start of production in 2027
Production is scheduled to begin in 2027. The focus will be on chips for the automotive industry. The first TSMC factory in Europe will create 2,000 jobs. German Chancellor Olaf Scholz (SPD) and EU Commission President Ursula von der Leyen attended the laying of the foundation stone.

ESMC's investment is intended to boost the EU's reorientation with regard to semiconductor production. It wants to double Europe's current ten percent share of the global chip market - and is investing large sums of money to achieve this. The new factory in Dresden alone is being funded to the tune of five billion euros.