Taiwan chipmaker breaking ground in Europe amid China threat

FILE - The logo of TSMC (Taiwan Semiconductor Manufacturing Company) is shown during the Taiwan Innotech Expo at the World Trade Center in Taipei, Taiwan, Oct. 14, 2022. FILE - This aerial photo taken on Aug. 10, 2022, shows the Taiwan Semiconductor Manufacturing Company factory in Nanjing, in China's eastern Jiangsu province.

Next week, Taiwan Semiconductor Manufacturing Company, TSMC, the world’s top advanced computer chipmaker, is expected to break ground on its first European factory in Dresden, Germany, as it seeks to diversify production from Taiwan and threats from China.