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Germany gets Taiwan chip giant TSMC's first European plant
Germany gets Taiwan chip giant TSMC's first European plant
Business and Economy
by  AFP

Taiwanese chip giant TSMC agreed Tuesday to plough $3.8 billion (3.5 billion euros) into a new semiconductor factory in Germany, lending a major boost to Europe's efforts to bring production onto the continent. The ambition set by the EU under its "Chips Act" is to increase Europe's slice of global semiconductor production to 20 percent by 2030.