1. TSMC is set to break ground on its first European fab in Dresden, Germany, in August. 2. The fab, named European Semiconductor Manufacturing Corporation (ESMC), is expected to start operations in late 2027. 3. The project involves investments from Infineon, Bosch, and NXP, with each contributing €500 million for a 10% stake in ESMC, which has a total cost of $10.8 billion.