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TSMC, Bosch, Infineon and NXP: Joint venture for chips

TSMC, Bosch, Infineon and NXP establish a joint venture for semiconductor manufacturing

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TSMC, Bosch, Infineon, and NXP
Establish Joint Venture to Bring
Advanced Semiconductor
Manufacturing to Europe
TSMC (TWSE: 2330, NYSE: TSM), Robert Bosch GmbH, Infineon Technologies AG
(FSE: IFX / OTCQX: IFNNY), and NXP Semiconductors N.V. (NASDAQ: NXPI) today
announced a plan to jointly invest in European Semiconductor Manufacturing
Company (ESMC) GmbH, in Dresden, Germany to provide advanced
semiconductor manufacturing services. ESMC marks a significant step towards
construction of a 300mm fab to support the future capacity needs of the fast-
growing automotive and industrial sectors, with the final investment decision
pending confirmation of the level of public funding for this project. The project is
planned under the framework of the European Chips Act.
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