BERLIN - German technology group Robert Bosch said on Tuesday that it will establish a joint venture with TSMC, Infineon and NXP with the aim of building a wafer fab in Dresden, Germany, by the second half of next year. The joint venture will be 70% owned by TSMC, with Bosch, Infineon and NXP each holding a 10% equity stake, according to a statement, and total investments are expected to exceed 10 billion euros ($10.97 billion) via equity injection, debt borrowing, and strong support from the European Union and German government.

http://klse.i3investor.com/web/blog/detail/future_tech/2023-08-08-story-h-243001835-Bosch_Infineon_NXP_TSMC_to_establish_JV_for_German_wafer_fab

#i3investor