TSMC broke ground in August on a 10bn chip plant in Dresden, Germany its first in Europe.
The German government will provide half of the funding with 5bn in state aid, under the EUsChips Act.
The fab will produce semiconductors for automotive and industrial applications.
Its a joint project between the Taiwanesetechgiant, the Netherlands NXP, and Germanys Bosch and Infineon.
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TSMCs upcoming plant is expected to further strengthen the EUs position in these industries.
TSMCs potential further expansion in Europe presents a ray of hope.
The most important market [for expansion] would be the AI market, said Wu.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
