TSMC says work on European plant on track to start in fourth quarter-February 2024-www.financetom.com

TSMC says work on European plant on track to start in fourth quarter

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TSMC says work on European plant on track to start in fourth quarter

May 14, 2024 1:38 AM

AMSTERDAM, May 14 (Reuters) - Taiwanese chipmaker TSMC

is planning to start construction of its European

facility in the fourth quarter of 2024, it said on Tuesday.

At a conference in the Netherlands, TSMC's head of European

operations Paul de Bot said work on the facility was on track.

TSMC in August committed 3.5 billion euros ($3.8 billion) to

a factory in Germany, its first in Europe.

($1 = 0.9276 euros)

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