Last month, Intel announced plans to spend more than 30 billion euros to develop two chip factories in Magdeburg, the largest foreign investment in German history.
Taiwanese semiconductor maker TSMC has also expressed interest in investing in a semiconductor manufacturing plant in Germany. The Ministry is in close contact with the company regarding the investment decision.
TSMC, the world’s largest contract chipmaker, has been in talks with the German state of Saxony since 2021 to build a chip manufacturing plant in Dresden.
Of the global package, Intel will receive subsidies worth almost 10,000 million euros. The rest will go to other chipmakers, including Infineon, GlobalFoundries and TSMC.
Analysts expect TSMC to receive billions in subsidies, but that could lead other chipmakers to demand more. The government did not disclose what subsidy TSMC might receive.
