Taiwan’s semiconductor suppliers plan to invest in European chip factories

Amid the global race for semiconductor chips, Taiwanese suppliers are considering investing in Europe, the Financial Times reports. “We are planning investments in Germany, and the European market is going to be ours,” Vincent Liu, president and chief executive of LCY Group, told the newspaper. The company supplies cleaning agents and solvents to Taiwan Semiconductor Manufacturing Co (TSMC) — the world’s biggest contract chipmaker. Alongside LCY Group, three more chemicals suppliers to TSMC said they’re eyeing investments in Europe. The interest appears to be related to the emergence of the first advanced chip factories in the bloc — a move…

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