TSMC Claims No Plans to Build EU Factories

The chairperson of Taiwan Semiconductor Manufacturing Company (TSMC) said Wednesday that they have no concrete plans to build chip factories in Europe.  

TSMC chairperson Mark Liu said during the company’s annual shareholder meeting that TSMC’s expansion in various regions is based on customer needs and that customers in Europe are far fewer than in other parts of the world. 

TSMC reported spending $12 billion on chip factories in the US and with Sony Group in Japan. 

According to reports, the European Union asked Taiwan last week to build plants in the bloc, and officials from both sides discussed chip cooperation. 

Continuous demand for high-end processors has helped TSMC thrive despite Russia’s invasion of Ukraine and China’s severe lockdowns.  

In February, the European Union unveiled the European Chips Act, with the bloc saying Taiwan is one of the “like-minded partners” Europe would want to work with. 

According to Liu, TSMC’s plants stay “very full” this year, and the high global inflation has proven no direct impact on the chip industry. 

TSMC is still the world’s largest semiconductor contract manufacturer with “a revenue forecast of 30% or more in full-year growth.”  

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