Microchip giant TSMC to open first ever European plant

The complex will be based in the eastern German city of Dresden and is expected to be a project worth more than €10 billion.

Transcript

00:00 Taiwanese semiconductor giant TSMC gave the go-ahead on Tuesday for the construction of

00:06 its first European plant in the eastern German city of Dresden.

00:11 Total investment is expected to exceed 10 billion euros.

00:15 Western countries are striving to tighten their control over the manufacture of chips,

00:19 which are crucial to the production of everything from laptops and cars to missiles.

00:24 Tensions with China over Taiwan, where TSMC is based, have heightened concerns over the

00:29 global supply of microchips.

00:31 [WHOOSH]