TSMC’s Mega Move: New €5 Billion Semiconductor Plant in Germany Aims to Cut China Dependency!

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The world’s largest chip manufacturer, TSMC, has laid the foundation stone for its new semiconductor factory in Dresden. The plant is being subsidised with €5bn in taxpayer funds. For the German government and the EU, the goal is to become less dependent on China for critical computer components.       #OIDW #DWVideos #TSMC #SemiconductorRevolution #DresdenFactory #TechGiant #ChipManufacturing #GermanyTech #EUInnovation #ChinaDependency #GlobalTechShift #TSMCExpansion #HighTechInvestment #EuropeanTechHub #ChipIndustry #TaxpayerFunds #SemiconductorPlant                 ~HT.97~ED.101~PR.152~

Transcript

00:00A groundbreaking ceremony in Dresden, marking one of the largest ever investments in Eastern

00:06Germany.

00:07C.C. Wei, CEO of the main investor TSMC, traveled from Taiwan to be here.

00:15He was joined by Germany's Chancellor and EU Commission President Ursula von der Leyen.

00:20Perfect.

00:21I got all the support from EU's commission.

00:26I got support from German government, federal, state and local.

00:32I'm happy.

00:34This is what the chip factory will look like in 2027.

00:38It'll cost over 10 billion euros with almost half funded by German taxpayers.

00:43The high level of subsidies made possible by the EU's European Chips Act.

00:48It aims to establish semiconductor plants locally in Europe, making the continent less

00:52vulnerable to global supply chain disruptions, trade disputes and piracy against ships passing

00:58through the Red Sea.

01:03Taiwan's TSMC will hold a 70 percent stake in the newly created European semiconductor

01:08manufacturing company.

01:11Other investors include Bosch and Infineon from Germany and the Dutch chip firm NXP,

01:16each with a 10 percent share.

01:20I think it's very difficult.

01:21You saw how much money gets invested, right?

01:2310 billion.

01:24That's a huge amount.

01:25Actually, for all our companies, it's quite an amount.

01:28And the other thing is you need skills for this, and everybody contributes different

01:31skills with it.

01:32I think TSMC contributes to it, the skill set of manufacturing, NXP, Infineon and Bosch

01:38will complement it with the skill set of products and developing products which fit in this

01:41factory.

01:42So you need each other.

01:43And that's pretty typical in the semiconductor industry, where doing things alone is less

01:48successful than partnering in all kinds of ways together and using each other's strengths.

01:52The biggest investor TSMC is working closely with is Dresden Technical University.

01:58Thirty students are taking part in an eight-month internship at TSMC in Taiwan this year alone.

02:05Like Veronica Voronko and Shraddha Komatvar.

02:08They are hoping to be among the 2,000 employees in Dresden who will produce chips to control

02:14engines.

02:16We have a real chance to be employed there in the future.

02:20TSMC is a well-known company, so it kind of has its own brand.

02:26So when I changed, like added the fact that I'm an intern at TSMC, it of course elevated

02:31my CV.

02:33For TSMC, the opening of the plant is a step towards becoming less dependent on Taiwan,

02:39a small island at risk of being attacked by China.

02:43The company is also planning a chip factory in Japan and two in Arizona.

02:48The plant in Dresden is an important part of TSMC's internationalization.

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