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Tom’s Hardware
Tom’s Hardware
Technology
Anton Shilov

EXPLAINED: Globalfoundries criticizes german subsidies to rival tsmc | Rare Historical Photos

GlobalFoundries TSMC Dresden Bosch Infineon the EU Commission
GlobalFoundries

GlobalFoundries opposes the German government's plan to subsidize TSMC's new fab near Dresden. The subsidy amounts to up to €5 billion, which GlobalFoundries argues will further strengthen TSMC's already dominant market position. The situation has led to legal concerns, lobbying efforts, and a potential formal complaint to the EU Commission by GlobalFoundries, reports Handelsblatt.

Earlier this month, TSMC, in collaboration with partners Bosch, Infineon, and NXP, unveiled plans to build a 12nm and 16nm-capable fab near Dresden, Germany. The fab is expected to cost €10 billion, and half of the sum will likely come from the German government via various subsidies. GlobalFoundries, which has a fab near Dresden, feels disadvantaged by this move. 

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