Topping-out ceremony for the new TSMC chip factory in Dresden: 2,000 jobs planned

The construction of the new microchip factory in the north of Dresden is making progress: a good two years after construction began, the European Semiconductor Manufacturing Company (ESMC) is celebrating the completion of the shell construction with a topping-out ceremony on Monday (12 p.m.). Among the guests is Saxony's Prime Minister Michael Kretschmer (CDU).

2,000 jobs will be created

The factory is a joint effort between the Taiwanese industry giant TSMC, Bosch, Infineon and NXP Semiconductor. TSMC should hold 70 percent of the company, the other partners each 10. The investment amount is ten billion euros; The Federal Ministry of Economics contributed five billion of this as funding. 2,000 jobs will be created. The start of production is planned for 2027. The focus is on chips for the automotive industry.

With the settlement of TSMC and the production expansions at Infineon and Globalfoundries in Dresden, “Silicon Saxony” continues to grow as Europe's largest microelectronics location, according to the Ministry of Economic Affairs. The network consists of around 3,600 companies with over 80,000 employees. The number of employees is expected to grow to around 100,000 by 2040.