Chipmaker TSMC mulls over Germany for first Europe chip plant
Author : Pankaj Singh | Published Date : 2021-07-27
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) stated that it is too early to talk about its factory expansion in Germany and that the talks are in the initial phases as the European Union seeks to reduce chip imports amid the supply shortage.
The European Commission had conducted discussions with chip giants worldwide, including TSMC and Intel, as the EU aims to bolster semiconductor production and protect itself from disruptions in the global supply chain.
The world's largest chip manufacturers TSMC and Taiwan, have come to the forefront in efforts to deal with the pandemic-induced chip shortage which has forced the automakers to reduce production and disturbed the manufacturers of laptops, smartphones, and other appliances.
Mark Liu, TSMC’s chairman, stated in an annual shareholder meeting that the company is currently reviewing Germany and is communicating with prominent clients in the country to analyze its importance and effectiveness for its clients.
It is to be noted that TSMC, in July, showed signs of plans to start new factories in the U.S. and Japan amid concerns over the concentration of manufacturing capacity in Taiwan, which produces the majority of the world's most advanced chips and is geographically near its political rival China.
Liu mentioned that TSMC’s USD 12 billion worth factory in the U.S. state of Arizona would address the client demand, mainly in infrastructure & national security. He added that clients are supporting the global expansion and they would facilitate in share costs of overseas operations.
TSMC is set to invest USD 100 billion over the upcoming three years to augment capacity as the Covid-19 pandemic and innovative technologies propelled the global demand for advanced chips.
By expanding its presence in the North American and European regions, the chipmaker will continue to strengthen its position as the leader in chip production worldwide.
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Pankaj Singh . .
Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605
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