Would the TSMC Fertigung in Dresden be a strong Beschäftigungswachstum führen?

The Grundsteinlegung for a Halbleiterfabrik of the Taiwanese Herstellers TSMC-statt is located in Dresden, Saxony. Zu dem Ereignis was appointed guest of the German Federal Chancellor Olaf Scholz, the President of the EU Commission Ursula von der Leyen and the Saxon Prime Minister Michael Kretschmer who treated one of the TSMC Vorstands, CC Wei.

Germany is proud of its projects and plans for its own domestic half-timber industry, where Sachsen and its workforce could be profitable. Frank Bösenberg, CEO of the trade association Silicon Saxony, was given 6,000 Arbeitsplätze by the Bau of the TSMC-Fabrik innerhalb a year later. Bösenberg concreted itself, which is responsible for your working hours in a Chip-Hersteller three more in Zulieferbetrieben and Dienstleistungsunternehmen entstehen.

No TSMC, or other Halbleiterunternehmen with Intel and Infineon plans, in Sachsen Fuß zu fassen. The “Handelsblatt” has estimated the development of the microelectronics and software industry in the region to 100,000 by 2030.

TSMC set up the Tree of the intelligent intelligence (AI), while the chips were offered at the highest quality. To reduce the dependency of Asian imports, invest in Chip repairers in the US and Europe. The supply is a switch to a long-drawn process and production in Dresden starts from 2027, with a statement from TSMC from August 2023.

Strategic location selection

The choice of location is no exception: almost half of Europe’s semiconductors currently come from Saxony. A globally recognized chip ecosystem has emerged, encompassing numerous research institutions and suppliers, based on decades of experience in Dresden’s semiconductor sector. The first semiconductor factory was founded here in 1961, during the East German era.

It is important to note that the German government is offering a subsidy of five billion euros to support the construction of the factory. Semiconductor expert Peter Fintl of consultancy Capgemini believes that “the subsidies that Europe provides compensate for some of the location disadvantages”. In order to remain competitive with Asia, there must be better conditions in the long term or direct subsidies must compensate for the disadvantages.

Fintl sees the investment as wise. He often witnesses debates about why so much is invested in this technology and how European companies are not making any profit from it. He explains that “the semiconductor industry does not only provide jobs in the factories. It generates a broader ecosystem of employment opportunities”.

Job security uncertain

However, Infineon and Intel have recently announced job cuts. The CEO of the Halle Institute for Economic Research, Reint Gropp, is critical of subsidies. He indicated that the authorities are wasting money by supporting profitable companies. Gropp believes that there should be no handouts.

The CEO of Globalfoundries shares the same perspective. He finds it worrying that TSMC receives subsidies for a factory while others do not, creating an unbalanced competitive landscape. Globalfoundries, which has been present in Dresden for years, has helped make the region an attractive semiconductor hub. TSMC also benefits from the research and supplier environment that Globalfoundries has created.

However, it is not yet known whether the chip factories in Saxony will become employment centers. Both Infineon and Intel have recently announced job cuts worldwide. Intel plans to cut 15,000 jobs, while Infineon is laying off 1,400 workers and moving another 1,400 jobs to countries with lower labor costs.

The Netherlands could potentially benefit from this semiconductor boom in Europe, as chip companies consider expanding their operations there to diversify their locations and reduce reliance on Asian imports. Saxony’s skilled workforce and established semiconductor ecosystem in Dresden have attracted global manufacturing giants such as TSMC, Intel and Infineon, which could inspire similar investments in other European countries, including the Netherlands.