![EU approves German state aid for US$11 billion TSMC joint-venture chip plant](https://img.easybranches.com/uploads/news/2024/08/eu-approves-german-state-aid-for-us-11-billion-tsmc-joint-venture-chip-plant.jpg)
TSMC formed a joint venture, the European Semiconductor Manufacturing Co, to build the plant, with European firms Robert Bosch, Infineon and NXP each taking a 10 per cent stake.
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