Germany approves stake purchase by Bosch, Infineon and NXP in TSMC chip plant

The German cartel office has approved stakes by Bosch, Infineon and NXP in TSMC’s new semiconductor plant in the German city of Dresden, the regulator said in a statement on Tuesday.

The companies would each acquire 10% of shares in the European Semiconductor Manufacturing Company (ESMC), founded by TSMC, it said.

“The recent geopolitical upheavals have shown how important secured access to semiconductors is, especially for the German industry,” Andreas Mundt, president of the cartel office, said in a statement.