Von der Leyen rings in chipmaker TSMC’s Dresden plant as EU greenlights German €5bn subsidy plan

European Commission President Ursula von der Leyen attended the official groundbreaking ceremony for Taiwanese firm TSMC's Dresden plant on Tuesday (20 August) after the institution she heads announced a €5 billion state aid scheme for the facility - a sign that the EU is redoubling its efforts to boost the bloc's domestic semiconductor production.