TSMC looks to double down on U.S. chip factories as talks in Europe falter

"European chip and auto companies, for their part, are mostly lined up against the idea. They would prefer subsidies for the older-generation chips that are heavily used by car manufacturers and are in short supply.

Many of TSMC's most lucrative customers, such as Apple, are U.S.-based, while its European customer base is made up of mostly of automakers buying less-advanced chips."

Oh boy... This is exactly why EU will always stay third behind USA, China...

"We don't need e mobility, we have the best combustion engines!" Tesla owns VW now.

"We don't need Apple like chips"

This hurts. Apple and rest does many things differently and way better than EU. We should learn from them.

Or do I miss something?

Yep. This is sooo frustrating. Why does Europe, and Germany especially, just NOT grasp digitalization at all? I'm growing ever more angry that almost our politicians are 80 year old mega-boomers who are voted in by other boomers and couldn't care less about any interests other than their own. Young people and their climate & computors be damned.

It's a little bit more complicated. TSMC wants subvention for building the fabs, but the chips that will be produced will be sold elsewhere. So the EU gains nothing from it but costs. The EU needs a european chip manufacturer and developer not a subsidiary of Intel or TSMC

Guess what by putting a factory doing the newest node you educate a whole new generation of engineers that can build and run those next fabs.