The world's largest microchip manufacturer, TSMC, is building a new chip factory in Dresden as part of a joint venture with Bosch, Infineon, and NXP Semiconductor. The project, called the European Semiconductor Manufacturing Company (ESMC), will receive 5 billion euros in funding from the German government.
The factory aims to bring TSMC's innovative manufacturing methods closer to European customers and partners. The importance of semiconductors for achieving climate neutrality and the increased demand for chips in electric cars are emphasized.
The factory is expected to create 2,000 jobs and will focus on producing chips for the automotive industry. The project has received approval from the EU and is part of the European Chips Act.
It is seen as a significant step towards strengthening the European chip industry and diversifying supply chains. The aim is to increase the EU's share of global chip production to 20% by 2030. The project has also sparked discussions about the use of government subsidies and the need to create favorable conditions for employees, including collective bargaining and secure, well-paid jobs.
