Taiwanese-German chip plant in Dresden moves forward with full support from government, Taiwan's former president says
Taiwanese-German chip plant in Dresden moves forward with full support from government, Taiwan's former president says
Taiwan Semiconductor's Germany Chip Plant Moves Forward With Full Support From Taiwan - Taiwan Semiconductor (NYSE:TSM)
cross-posted from: https://scribe.disroot.org/post/5667310
Taiwan strongly backs Taiwan Semiconductor Manufacturing Co.'s (NYSE:TSM) first European chip plant, former president Tsai Ing-wen said on Tuesday during a visit to the fab site in Dresden, Germany.
Tsai said Taiwan believes in the Dresden project as deeply as it believes in Taiwan Semiconductor itself after European Semiconductor Manufacturing Co. president Christian Koitzsch welcomed her to "Silicon Saxony." She received a briefing from Koitzsch and Taiwan Semiconductor Europe general counsel Gunnar Thomas, then met Taiwanese engineers to hear about construction progress and life in Germany, the Taipei Times reported on Thursday.
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European Semiconductor Manufacturing — a joint venture between Taiwan Semiconductor, Bosch, Infineon Technologies AG (OTC:IFNNY), and NXP Semiconductors NV (NASDAQ:NXPI) — began construction last August and plans to launch operations in 2027. Dresden officials said the fab represents the city's largest semiconductor investment ever and is expected to create more than 5,000 jobs.
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As the Taipei Times reports, city of Dresden, in the German state of Saxony, is also building Germany’s largest and most modern vocational school to train more than 2,000 electrical and electronic specialists, Hilbert said.
As the Silicon Saxony cluster — home to more than 500 companies and research institutes, such as Infineon, GlobalFoundries and the Fraunhofer-Gesellschaft — continues to expand, the demand for skilled workers is growing rapidly, he said.