Apple Inc (NASDAQ: AAPL) chip provider Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) mentioned on Monday it’s in early-stage talks to construct the corporate’s first semiconductor manufacturing unit in Europe, Reuters studies.

What Occurred: The Taiwan-based chip provider mentioned it was too early to say whether or not it can construct factories in Germany and that talks have been within the early phases.

Apart from TSMC, the European Fee has held talks with key rival Intel Corp (NASDAQ: INTC), as Europe appears to be like to spice up semiconductor manufacturing and insure itself from the worldwide semiconductor shortages.

“We’re at the moment doing evaluations on Germany significantly, nevertheless it’s nonetheless in very early phases,” TSMC Chairman Mark Liu mentioned on the firm’s annual shareholder assembly, as per Reuters.

See Additionally: Apple Provider TSMC Plans To Construct Superior Chip Packaging Plant In US: Report

Why It Issues: Taiwan-based TSMC is the