News TSMC Teams Up with Bosch, Infineon, NXP for European Fab

[Admin]

TSMC to build fab in Europe to serve automotive, industrial, and IoT industries.

TSMC Teams Up with Bosch, Infineon, NXP for European Fab : Read more

 

[PlaneInTheSky]

Investments in the fab are expected to be around €10 billion with €5 billion rumored to come in subsidies from from the German government and under European Chips Act.

As far as ownership is concerned, TSMC is poised to command a majority 70% stake in the venture, whereas the remaining partners —Bosch, Infineon, and NXP— will equally share the remaining equity, each securing a 10% stake.

So the European tapayer funds this fab with taxpayer money, and Taiwan then owns it. Way to screw over European taxpayers.