But, as in the case of the Intel project, approvals take a lot of time and effort.
According to Reuters, a delegation from the government of the federal state of Saxony traveled to Taiwan to negotiate with TSMC to build a plant in the German region to produce chips for the European automotive industry. The latter specialization implies that the future enterprise will not use advanced technical processes, but everything will be limited to mature ones, and this will reduce the project budget to some extent.
Image Source: TSMC
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Representatives of TSMC are concerned that in the current realities, building an enterprise in Germany may turn out to be an expensive pleasure, and therefore they are counting on the provision of subsidies. The authorities of Germany and Saxony directly are favorable to the idea of subsidizing the project, but much will depend on the decisions taken by EU officials. At the beginning of the month, the Saxon government held a working meeting with the head of the European Commission, Ursula von der Leyen, during which this issue was discussed.
