of Taiwan Semiconductor Manufacturing Co., center, and Olaf Scholz, Germany's chancellor, pose for photos at the ground-breaking ceremony for the new European Semiconductor Manufacturing Co. plant in Dresden, Germany, on Tuesday, Aug. 20, 2024.
High-profile figures, including European Commission President Ursula von der Leyen and German Chancellor Olaf Scholz, attended the ceremony, underscoring the project's strategic importance.the European Commission's approval of a €5 billion German measure to support the venture, while TSMC Chairman & CEO C.C.
It will operate as an open foundry, allowing various customers to place orders, including European SMEs and startups, which will benefit from dedicated support.
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