![TSMC’s first chip factory in Europe gets €5B state aid from Germany](https://img-cdn.tnwcdn.com/image?fit=796%2C417&url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2023%2F10%2FDutch-MPs-criticise-new-US-export-ban-on-ASML-chip-machine.jpg&signature=d8250d7306ecf8245ab857485860ec14)
TSMC’s first chip factory in Europe gets €5B state aid from Germany
The Next WebThe European Commission today approved €5bn in German state aid to support TSMC’s chip plant in Dresden — its first in Europe. Dubbed European Semiconductor Manufacturing Company (ESMC), the fab is a joint venture between the Taiwanese chip giant, the …