TSMC to start construction of first European chip plant in August

Chairman C.C. Wei to host groundbreaking ceremony in Dresden on Aug. 20

20240730 TSMC

TSMC is building it first chip plant in Europe amid a global push to diversify supply chains. (Photo by Ken Kobayashi)

CHENG TING-FANG, Nikkei Asia chief tech correspondent

TAIPEI -- Taiwan Semiconductor Manufacturing Co. will hold a groundbreaking ceremony next month in Dresden, Germany, for its first plant in Europe, the latest milestone as the world's top chipmaker expands its global production footprint, sources briefed on the matter told Nikkei Asia.

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