On Tuesday 20 August, the European Commission authorised German aid worth €5 billion to help the European Semiconductor Manufacturing Company (ESMC) build and operate a microchip manufacturing plant in Dresden.
ESMC is a joint undertaking between Taiwan’s Taiwan Semiconductor Manufacturing Company (TSMC), Bosch, Infineon and NXP.
The measure will strengthen Europe’s security of supply, resilience and digital sovereignty in semiconductor technologies, in line with the objectives set...