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

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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]

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