Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home.
In this case it’s the economic incomtetence of the German administration though. German economy is hurting extremely without any good outlook and they hope to solve their problems by throwing billions at foreign mega-corps instead of investing in infrastructure, reducing bureaucracy and taxes.