【Organization】TSMC's European Expansion: Poland's Rising Appeal and Strategic Advantages

13 June 2024

TSMC's Venture in Dresden, Germany sparks Interest in Poland and the Czech Republic.

In a strategic move, TSMC is venturing into Dresden, Germany, laying the groundwork for what is being dubbed the "chip iron triangle," with neighboring Poland and the Czech Republic. Piotr Lanski, representing the Polish Investment and Trade Office, highlights Poland's eagerness to embrace Taiwanese companies, underscoring the nation's competitive wages and access to the EU's premier subsidies. Lanski attributes Poland's rapid economic growth to its highly skilled workforce.

Poland boasts a pivotal location in Central Europe, serving as a transportation hub, with a remarkable 63% of its population still within the working age bracket. It offers the most coveted work permits within the EU, boasting a proficient workforce with minimal language barriers.

Lanski accentuates Poland's wage competitiveness vis-à-vis Germany and the Czech Republic. The nation's strategic focus extends to semiconductors, chemistry, automotive parts, and contract manufacturing. Lanski champions Taiwanese investment, citing subsidies that surpass "over half" of the investment and are unrivaled within the EU.

The Polish workforce showcases a flexible work culture, evident in their readiness for midnight calls. With approximately 10 Taiwanese firms expressing keen interest in Polish ventures, the nation emerges as a prime investment destination, bolstered by its strategic advantages, skilled labor force, competitive wages, and generous subsidies, particularly enticing for burgeoning industries like semiconductors.

With close collaboration with TSMC in the realm of student internships, NTU IMP eagerly anticipates the opportunity to extend its invitation to students from Poland and the Czech Republic in the future. It would foster cross-cultural exchange and facilitate knowledge sharing, ultimately contributing to a brighter technological future.

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