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TSMC Plans More Chip Plants in Europe, Taiwan Official Says

TSMC Plans More Chip Plants in Europe, Taiwan Official Says

Taiwan Semiconductor Manufacturing Co. is planning more plants in Europe with a focus on the market for Artificial Intelligence (AI) chips, according to a senior Taiwanese official, as the chipmaker expands its global footprint.  “They have started construction of the first fab in Dresden, they are already planning the next few fabs in the future for different market sectors as well,” Taiwan’s National Science and Technology Council Minister Wu Cheng-wen told Bloomberg TV in an interview aired on Monday.  Wu did not specify a timeline for the Taiwanese chipmaker’s further expansion in Europe. TSMC said in an emailed statement it remains focused on its current global expansion projects and has no new investment plans at this time. TSMC, which is the world’s biggest chipmaker and produces most of its semiconductors in Taiwan, is spending tens of billions of dollars to set up new sites in the US, Japan and Germany, partly to hedge against rising geopolitical tensions with China.  It broke ground in August on a EUR 10 billion ($10.9 billion roughly Rs. 91,789 crore) …