Germany wants to become Europe's largest chipmaker

German Chancellor Olaf Scholz plans to turn Germany into a major European chipmaker.

Here's What We Know

According to Scholz, the development of the domestic semiconductor industry will achieve "the serenity of the European Union, that we are not dependent on other regions" In particular, from China. And the prerequisites for this exist.

There are several companies in Germany, which produce microchips. One of them is the German company Infineon, which has three factories in Germany. In the meantime, GlobalFoundries is planning to modernize production, although without claiming to use advanced technologies, limiting themselves to the 12 nm process.

In addition, we should not forget about Intel. The U.S.-based blue giant is ready to invest nearly $18 billion (€17 billion) to build several large factories in Germany to test and package chips.

As automobile electrification increases in Germany, demand for specialized chips will increase. In this regard, there are rumors that TSMC may build a chip manufacturing facility for German customers.

Source: Reuters