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Germany to Pay Taiwanese Chipmaker Over $5Bln to Open Plant in Dresden - Reports

BERLIN (Sputnik) - Taiwan Semiconductor Manufacturing Company Limited (TSMC) will receive 5 billion euros ($5.5 billion) from the German government to open a production plant in the eastern city of Dresden, a German newspaper reported on Monday, citing government sources.
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The Taiwanese company will make the final decision whether to accept and launch the construction at a board meeting on Tuesday, the report said.
TSMC will run the plant within a joint venture framework with German engineering and technology company Bosch, semiconductor manufacturer Infineon and Dutch semiconductor designer and producer NXP Semiconductors, the report added.
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