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    HomeNewsBusinessBosch, Infineon, NXP, TSMC to establish joint venture for German wafer fabrication

    Bosch, Infineon, NXP, TSMC to establish joint venture for German wafer fabrication

    Total investments are expected to exceed 10 billion euros ($10.97 billion) via equity injection, debt borrowing, and strong support from the European Union and German government.

    August 08, 2023 / 20:07 IST
    Bosch, Infineon, NXP, TSMC to establish joint venture for German wafer fabrication

    German technology group Robert Bosch said on August 8 that it will establish a joint venture with TSMC, Infineon and NXP with the aim of building a wafer fab in Dresden, Germany, by the second half of next year.

    The joint venture will be 70% owned by TSMC, with Bosch, Infineon and NXP each holding a 10% equity stake, according to a statement, and total investments are expected to exceed 10 billion euros ($10.97 billion) via equity injection, debt borrowing, and strong support from the European Union and German government.

    ($1 = 0.9120 euros)

    (Writing by Miranda Murray, Editing by Friederike Heine)

    first published: Aug 8, 2023 08:07 pm

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