In recent months we have seen a lot of news about the “soap opera” that has become the fact that Intel I TSMC build your semiconductor factories in Europe. Now yes, now no, now I lack money… it seems that everything is setbacks and problems, but Germany It seems quite determined that it ends up happening, and that Intel and TSMC can build their factories in Europe.
Obviously, for a country like Germany, the fact that Intel or TSMC build their factories in the country can mean a very big economic boost, and not only because of the direct benefits that this would bring but because we would also be talking about it generating thousands of dollars. Job positions.
Germany wants Intel and TSMC factories at all costs
So much so that, despite the budget crisis the country is going through right now, the German government has promised to support the construction of chip factories by Intel, TSMC and even Wolfspeed. In fact, according to the source, both Intel and Wolfspeed have already received firm funding commitments from the government, so at least the plan is underway.
At this time, Germany has already committed more than 22 billion in incentives to semiconductor companies such as Intel, TSMC and Wolfspeed, which has precisely led to the commitment of these large companies to build factories in Germany. However, as we have said before, right now Germany is facing a budget crisis (political nonsense, you know… apparently the Federal Constitutional Court considered it unconstitutional to reallocate unspent funds from the Climate and Transformation plan in 2022, a fund that the government wanted to use to finance chip manufacturing).
All this has brought more uncertainty to the matter, but it seems that both federal and local authorities are determined to support the construction of new factories, and at the end of the day, as we have mentioned before, it is an investment that can only bring benefits. both to the country and to Europe. According to the source, there is a clear consensus among German political parties about the importance of these semiconductor projects for the future of the country’s industry, so everything indicates that it will continue moving forward.
In any case, and regardless of where the financing budget comes from, it is good news that they have reached an agreement and that in the end this results in us having chip factories (whether from Intel, TSMC or any other) in Europe, since this would not only benefit Germany but the entire continent, since we could stop depending on Asia for the supply of chips and a lot of money would be saved on transportation and tariffs, not to mention time.
In the end, we don’t know who, where or when (unfortunately), but what does seem clear is that at some point we will be able to see the semiconductor factories in Europe… sooner or later.