TSMC breaks ground on a €10 billion plant in Germany! A major move in the global chip war, strengthening Europe's semiconductor industry. 💥💻 #TSMC #semiconductors #chipmaker #innovation #chipdeal #tsmcnews #technews #technology #technologynews #technewsdaily #technewsupdates #TechNewsToday #yourtechstory Read the full news: https://www.yourtechstory.com/2024/08/21/tsmc-launches-10-billion-german-plant-amid-global-chip-war/

🔧🚀 Vanguard and TSMC are setting the stage for innovation with a $7.8 billion investment to build a new chip plant. Get ready for a tech revolution! #Vanguard #chipindustry #TSMC #TechInvestment #chipmakers #vanguardnews #tsmcnews #chipinvestment #technewsupdates #technewsdaily #technews #TechNewsToday #technology #technologynews #yourtechstory https://www.yourtechstory.com/2024/06/06/vanguard-and-tsmc-plans-7-8-billion-to-build-joint-chip-plant/

European Commission Official Foresees $100 Billion in Private Chip Investment by 2030 The European Chips Act is poised to attract over 100 billion euros ($108.41 billion) in private investment to the European semiconductor industry by 2030, according to a European Commission official. Speaking at a conference on the future of the initiative in Antwerp on Wednesday, Thomas Skordas highlighted the Act’s significant potential to boost Europe’s chip manufacturing capacity. Promising Investment Landscape Thomas Skordas, a senior official in the European Commission’s digital unit, detailed the impact of the European Chips Act during his speech. He noted that the Act has already spurred “promises for investments of the order of 100 billion euros to expand the manufacturing capacity within the EU by 2030.” The initiative is Europe’s strategic response to similar semiconductor support programs in the United States, Japan, and China. The European Chips Act, which offers funding of 43 billion euros, has faced some challenges in securing immediate financial support. Thus far, the Commission has approved only a limited amount of actual funding. Nonetheless, major industry players such as Intel and Taiwan Semiconductor Manufacturing Company (TSMC) have announced substantial investments, including plans to build plants in Germany at a combined cost exceeding 30 billion euros this year alone. Focus on Research and Development In addition to expanding manufacturing capacity, the European Chips Act emphasizes research and development (R&D). Skordas announced that the Commission expects to finalize funding for R&D pilot lines in four key sub-sectors of the chip industry by September. This includes a significant 2.5 billion euro grant dedicated to developing extremely advanced chips within Europe. Read more: https://www.yourtechstory.com/2024/05/23/european-commission-foresees-100-billion-in-private-chip-investment-by-2030/