TSMC to begin construction of European chip factory in Q4 ’24

Chip maker, Taiwan Semiconductor Manufacturing Company (TSMC) announced on Tuesday plans to start construction of its European facility in the fourth quarter of 2024, Reuters reported.

TSMC’s European operations head, Paul de Bot said during a conference in the Netherlands that work on the facility is on track.

In August, TSMC committed €3.5 billion ($3.8 billion) to a factory in Germany, its first in Europe.