Home » News » The TSMC Decision: Transforming Dresden into Europe’s Chip Industry Hub

The TSMC Decision: Transforming Dresden into Europe’s Chip Industry Hub

Holger Mann as a member of the Bundestag and spokesman for the Saxony regional group of the SPD: “The decision by the chip technology leader TSMC to set up its first plant in Europe in Dresden is groundbreaking in terms of industrial policy, economy and technology. It will strengthen Saxony’s position as the heart of the European chip industry and as a major location for the automotive industry.

The federal government has generously supported the largest single investment by a company in Saxony since 1990 with billions. This renewed strategic action for East Germany will entail further investments and increase the technological sovereignty of Germany and Europe as a whole. We now also expect financial commitment from Saxony in order to guarantee the necessary specialists and further infrastructures in research,” says the member of the research and education committee.

Chemnitz member of parliament Detlef Müller, deputy chairman of the SPD parliamentary group, is very satisfied: “The planned construction of the semiconductor factory by TSMC in Dresden as a project within the framework of the “European Chips Act” will boost European chip production and thus reduce its dependence on other countries . This is immensely important for almost all branches of industry – not only in Germany, but in Europe.

The generous support in question from the federal climate and transformation fund is therefore appropriate and should be supported. The federal government assumes its responsible task for the further development of Germany as a business location. And: It is a clear sign against the siren sounds of alleged de-industrialization and downfall.”

“I am pleased that TSMC wants to settle in Dresden. This is good news for Dresden and the region. As the federal government, we promote economic growth, especially in future-oriented sectors such as chip manufacturing. With the skilled labor strategy and the Skilled Immigration Act of the federal government, we are setting all the necessary levers in motion to be able to fill the newly created jobs well and sustainably.” summarizes Rasha Nasr, SPD member of the Bundestag, the importance for Dresden.

2023-08-09 17:54:24
#European #TCSM #plant #coming #Dresden #federal #government #making #billion #euros

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.