BERLIN — Taiwanese semiconductor manufacturer TSMC’s board of directors will decide in favor of building a factory in the German city of Dresden, the Handelsblatt daily reported on Monday, citing government sources.
The German government will support the construction of the factory with 5 billion euros ($5.49 billion), according to the sources.
The German economy ministry declined to comment on the report.
TSMC, the world’s largest contract chipmaker, has been in talks with the German state of Saxony since 2021