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Germany approves stakes by Bosch, Infineon, and NXP in the TSMC chip plant

People attend the opening of TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File Photo

Germany approves stakes by Bosch, Infineon, and NXP in the TSMC chip plant. According to a statement from the regulator on Tuesday, the German cartel office has approved shares held by Bosch (ROBG.UL), Infineon (IFXGn.DE), and NXP (NXP.N) in TSMC’s (2330. TW) new semiconductor facility in Dresden, Germany.

According to the statement, each company will purchase 10% of the shares in TSMC’s newly formed European Semiconductor Manufacturing Company (ESMC).

Andreas Mundt, the cartel office president, stated in a statement that “the recent geopolitical upheavals have shown how important secured access to semiconductors is, especially for the German industry.” He said that Germany and the European Union were determined to put more chip manufacturing in Europe and Germany.

The factory is essential to Berlin’s goal of advancing the local chip sector, which is necessary for the auto industry to stay internationally competitive. It will be TSMC’s first in Europe and third outside traditional production strongholds in Taiwan and China.

An important turning point in the tech industry has been reached with the acceptance of the collaboration between Bosch, Infineon, NXP, and TSMC for the development of an advanced chip manufacturing facility in Germany. The plant’s dedication to sustainability, employment generation, and technology development will indeed influence worldwide trends in electronics and networking. The world can look forward to an unprecedented period of innovation and advancement as these industry titans come together.

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