TSMC, partners plan to invest up to $11 billion in German fabrication plant, Bloomberg reports

TSMC is in talks with partners to invest as much as 10 billion euros ($11.04 billion) to build a chip fabrication plant in Germany, Bloomberg News reported on Wednesday, citing people familiar with the matter.

The venture between TSMC, NXP Semiconductors, Robert Bosch and Infineon Technologies will have a budget of at least 7 billion euros, including state subsidies, but is likely to end up closer to 10 billion euros, according to the report.

TSMC is still evaluating the possibility of building a fab in Europe, the company told in an emailed statement to Reuters, but declined to comment further.

TSMC has already been in advanced talks with Saxony, the region where the plant would be built, with focus on government subsidies to support the investment, Reuters reported in March, citing two people familiar with the matter.

Infineon and Robert Bosch declined to comment, while NXP did not immediately respond to a Reuters request for a comment.