Curious why they've chosen Dresden though.
Anybody knows how much the government is willing to invest? Missing some tangible figures.
The region is known for its semiconductor industry, at least in Germany. Quote from Wikipedia about Dresden:
> Silicon Saxony Saxony's semiconductor industry was built up in 1969. Major enterprises today include AMD's semiconductor fabrication spin-off GlobalFoundries, Infineon Technologies, ZMDI and Toppan Photomasks. Their factories attract many suppliers of material and cleanroom technology enterprises to Dresden.
So it just makes sense to build fabs in Dresden because there is already a lot of know-how there.
I believe this started in GDR times and continued (at massively reduced capacity) after the reunification.
Intel, AMD, Infineon and others operate (or plan to build) factories in Dresend (or saxony in general) and its reasonable to assume that experienced workers and local suppliers make the area a preffered location.
Given Eastern Germanys weak economic situtation these are very welcome investments.
Edit: see bellow for corrections
Because many foundries are located there like GlobalFoundries and Bosch
(Also such a large economy can offer better (aka larger) subsidies if they want to)
It's probably good for the EU in general to have multiple silicon hubs.
although imo Eindhoven isn't exactly the most... attractive place to live for many people. Dresden on the other hand seems like it's somewhat en vogue
I wonder what them "providing" 5 billions as news reports put it actually means. Is this a loan, a gift, or some other type of deal?
5B, according to German news: https://www.tagesschau.de/wirtschaft/tsmc-dresden-100.html
Did Tesla ever finish that German factory? Last time i read about it no one wanted to work there...