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5 billion dollars from the climate and transformation fund? Glad to see we’re really committed to using this money here to combat climate change by building semi conductor factories.
The greens have been an absolute joke in coalition. First Lüzerath and now siphoning funds from a climate fund to build parts for car production.
Funny that not only conservatives and the right but also the left is blaming the Greens for everything. The KTF is used only because our finance minister is blocking spending money from other sources, same thing happened with Intel in Magdeburg. So if the economy ministry wants to support these companies, this is their only option.
Well, one could argue local production reduces transportation, so that counts for something... right?
Wellllll it seems like the plant will be mainly for building car MCUs - so slightly counterintuitive, lol
Some genius will figure out that it's 0.00000001€ cheaper to ship the dies to China for packaging.
~~genius~~ MBA
it's going to the Philippines usually 😉
5 billion dollars
Euros.
Keep in mind the KTF is not just purposed for climate, but also economic development in East germany. I would much prefer a chip factory in place of the current lignite industry.
What else can you use the money from the climate and transformation fund for? Every sensible use is being blocked by the FDP. So use it for something that is necessary either way, rather than let it go to waste.
This is the best summary I could come up with:
It has been in talks with the German state of Saxony, where Dresden is located, since 2021 about building a fabrication plant, or "fab."
"With this TSMC investment, another global player in the semiconductor sector is coming to Germany.
This shows that Germany is an attractive and competitive location," German Economy Minister Robert Habeck said in a statement.
The chip giant said in its statement on Tuesday that it approved a capital injection of not more than $4.5 billion for that plant as part of the overall investment.
According to the business daily Handelsblatt, Germany has agreed to pitch in with 5 billion from the government's climate and transformation fund for the construction.
The EU has already approved a €43 billion subsidy plan to double its chipmaking capacity by 2030.
I'm a bot and I'm open source!
Looks like UNO reverse card and only took 30-35 years
They’re having issues with the Arizona one. Will this be the same thing?
Um the Arizona plant isn't having any issues, do you have a source? The only thing I can find is TSMC signed a voluntary agreement with AZ to have more oversight on construction worker safety. That isn't a bad thing at all.
"Speaking at a press conference near the TSMC construction site in Phoenix, Hobbs announced that TSMC and the state had signed a voluntary protection program, according to AP. “Under this agreement, TSMC will adhere to requirements higher than those at the federal level,” Hobbs said." - https://www.taiwannews.com.tw/en/news/4964861
I just read an article here on lemmy. Can’t find the exact article but it looks similar to this
 https://9to5mac.com/2023/08/07/us-tsmc-plant-petition/
the company was unhappy with US construction workers. Wants them working longer hours and lowering pay. And to bring in their own workers from Taiwan. Which is a problem because this was sold as a jobs project. Sounds like a mess to me.
Thanks for the info. It looks like this problem has been sorted out given TSMC agreed to whatever Arizona asked them to agree to.
Maybe.
I bet they won’t pull that same shit in Germany.
If they can't get one staffed in Arizona, they are going to have a hell of a time doing it in Germany. They have much better worker protections.
There's been an AMD/GloFo fab in Dresden for decades.
Don't forget Siemens/Infineon
And Bosch
Why would worker protection prevent staffing?