German regulator approves stakes by Bosch, Infineon and NXP in TSMC chip plant

(Reuters) – The German cartel office has approved stakes by Bosch, Infineon and NXP in TSMC’s new semiconductor plant in the German city of Dresden, the regulator said in a statement on Tuesday.

The companies would each acquire 10% of shares in the European Semiconductor Manufacturing Company (ESMC), founded by TSMC, it said.

(Reporting by Linda Pasquini, Editing by Rachel More)

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