The European Commission had held discussions with global chip giants, including Intel and TSMC, as the EU seeks to boost semiconductor production and shield itself from shocks in the global supply chain. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) said on Monday that it was too early to say whether it will build factories in Germany and that talks were in early stages, as the EU seeks to reduce chip imports amid a supply shortage. The European Commission had held discussions with global chip giants, including Intel and TSMC, as the EU seeks to boost semiconductor production and shield itself from shocks in the global supply chain. "We are currently doing reviews on Germany seriously, but it's still in very early stages," TSMC chairman Mark Liu told an annual shareholder meeting when asked about building chip fabrication plants in the EU country. We will move very cautiously," Liu said, adding that the company's customers would help share costs of overseas operations.

Source: The Hindu July 26, 2021 06:56 UTC