TSMC in talks to build its first factory in Europe

According to the Financial Times, based on sources, TSMC, the world's largest chipmaker, is in talks to establish its first factory in Europe. According to sources familiar with the matter, TSMC is in talks to establish a facility in Dresden, Germany. It was stated that the company's senior executives will go to Germany next year and meet with the government on issues such as facility and local supply chain capacity. It was stated that the final decision will be made after the meeting and that construction of the factory could begin in 2024. A TMSC spokesperson told FT that the factory could be in Dresden. TSMC, the world's largest chipmaker, announced at the beginning of the month that it planned to open a factory in Arizona worth $40 billion.