TSMC breaks ground on its €10B chip fab in Dresden, Germany, its first European plant; the EU approves Germany's ~€5B subsidy for the project (Kamil Kowalcze/Bloomberg)

Kamil Kowalcze / Bloomberg:
TSMC breaks ground on its €10B chip fab in Dresden, Germany, its first European plant; the EU approves Germany's ~€5B subsidy for the project  —  - Taiwanese firm begins work on its first European chip plant  — German subsidies will cover about half of the fab's costs