Construction of a new chip factory started in Dresden

The construction of a new chip factory in Dresden begins today (11.00 a.m.) with a symbolic ground-breaking ceremony. The investment of a good ten billion euros is a joint project between the Taiwanese industry giant TSMC and the companies Bosch, Infineon and NXP Semiconductor, which are already based in Dresden. TSMC is to hold 70 percent of the company, with the other partners each holding ten percent. The plant will be called the European Semiconductor Manufacturing Company (ESMC). Production is set to begin in 2027. The focus will be on chips for the automotive industry. 2,000 jobs are associated with TSMC's first factory in Europe.

Federal Chancellor Olaf Scholz (SPD) and EU Commission President Ursula von der Leyen have announced their attendance at the foundation stone ceremony. ESMC's investment is intended to boost the EU's reorientation in terms of semiconductor production. It aims to double Europe's current ten percent share of the global chip market.