European industry is losing its attractiveness for investors.
We have recently heard that Intel is trying to squeeze more serious subsidies from the EU authorities to support its project to build factories in German Magdeburg, but the Taiwanese company TSMC is also subject to similar doubts, according to DigiTimes, citing its own sources.
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More recently, it was reported that TSMC is nurturing the idea of building a semiconductor manufacturing facility in Germany. Now the Taiwanese contract manufacturer enthusiast is fading as the attractiveness of investment in the German economy declines amid the energy crisis, macroeconomic problems and other factors. First of all, Taiwanese investors have no confidence that the subsidies provided by the German authorities will be sufficient to cover the difference in costs compared to Taiwan. At the same time, the Singapore authorities are going to poach TSMC with adequate subsidies so that the company can build a 300 mm silicon wafer processing facility in the country.