TSMC says construction of first European plant on track to start in fourth quarter

AMSTERDAM, May 14 (Reuters) - Taiwanese chipmaker TSMC, opens new tab plans to start construction of its first European facility in the fourth quarter of 2024, it said on Tuesday.
At a conference in the Netherlands, TSMC's European chief Paul de Bot said the facility in the German city of Dresden, known as European Semiconductor Manufacturing Co (ESMC), was on track for construction to begin this year with production in 2027.