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6-K: ESMC Breaks Ground on Dresden Fab

SEC ·  Aug 20 21:23

Summary by Futu AI

On August 20, 2024, a groundbreaking ceremony was held in Dresden, Germany, for the first semiconductor fabrication plant of the European Semiconductor Manufacturing Company (ESMC), a joint venture between Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors N.V. The event was attended by high-profile European leaders, including European Commission President Ursula von der Leyen and German Chancellor Olaf Scholz. The EU Commission has approved a €5 billion German measure to support the construction and operation of the fab under EU State aid rules. The Dresden facility, which is expected to start construction later in the year, will focus on meeting the semiconductor needs of the European automotive and industrial sectors. It will have a...Show More
On August 20, 2024, a groundbreaking ceremony was held in Dresden, Germany, for the first semiconductor fabrication plant of the European Semiconductor Manufacturing Company (ESMC), a joint venture between Taiwan Semiconductor Manufacturing Company Ltd. (TSMC), Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors N.V. The event was attended by high-profile European leaders, including European Commission President Ursula von der Leyen and German Chancellor Olaf Scholz. The EU Commission has approved a €5 billion German measure to support the construction and operation of the fab under EU State aid rules. The Dresden facility, which is expected to start construction later in the year, will focus on meeting the semiconductor needs of the European automotive and industrial sectors. It will have a monthly production capacity of 40,000 300mm wafers using TSMC's 28/22nm and 16/12nm process technologies. The total investment will exceed 10 billion euros, with contributions from equity, debt, and support from the EU and German government. The fab is expected to create around 2,000 direct high-tech jobs and stimulate additional indirect jobs throughout the EU supply chain. ESMC is committed to sustainability and environmental protection, aiming for LEED certification and implementing energy-efficient construction and water reclamation. The establishment of ESMC is a testament to TSMC's Grand Alliance and its commitment to fostering innovation in Europe.

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