Taiwan's TSMC to open semiconductor design centre in Munich
The Taiwan Semiconductor Manufacturing Company (TSMC), one of the world's leading chip manufacturers, is to open a design centre in the German city of Munich later this year.
The economy minister in the southern German state of Bavaria, Hubert Aiwanger, said on Tuesday that the facility is to open in the third quarter of the year.
It will aim to develop chips for the automotive industry and other sectors, he said.
TSMC is a leader in semiconductor technology, specializing in building thin, efficient and energy-saving chips.
The Taiwanese firm is currently building a factory near the eastern German city of Dresden with several partner companies.
Aiwanger said the establishment of the design centre in Munich strengthens Bavaria's position in microelectronics.
Munich is home to chip manufacturer Infineon, while Apple chose the city as the location for its European chip design centre in 2021.
Neither the ministry nor TSMC have disclosed how much money the company is investing in Munich, or how many people will work in the new facility.
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