Gleiss Lutz advises Infineon, Bosch and NXP Semiconductors on billion euro investment in semiconductor manufacturing joint venture

Gleiss Lutz has advised Robert Bosch GmbH, Infineon Technologies AG and NXP Semiconductors N.V. on a joint investment in European Semiconductor Manufacturing Company (ESMC) GmbH in Dresden. The project is planned under the framework of the European Chips Act.

The aim of the planned investment is to build a modern 300mm semiconductor fab to support the future capacity needs of the fast-growing automotive and industrial sectors. The planned joint venture will be 70% owned by the Taiwanese company TSMC, with Bosch, Infineon and NXP each having a 10% equity stake in the project. Total investments are expected to exceed EUR 10 billion. The fab will be operated by TSMC.

In-house, the transaction is being handled by Dr. Horst Meyer (Infineon), Kerstin Winkler and Michael Hoffmann (NXP) and Dr. Dörte Singer and Dr. Ulrich Zeller (Bosch).

The following Gleiss Lutz team led by Dr. Ralf Morshäuser (partner, M&A, Munich) and Dr. Adrian Bingel (partner, Corporate, Stuttgart) advised the Infineon, Bosch and NXP Semiconductors joint venture:

Dr. Tobias Falkner (counsel, Munich), Dr. Markus Martin (counsel, Stuttgart), Melina Grauschopf (all M&A, Munich), Teresa Link (Corporate, Stuttgart), Dr. Patrick Mossler (partner, M&A, Hamburg), Dr. Ulrich Soltész (partner), Dr. Christina Wolf (both State Aid, both Brussels), Dr. Moritz Holm-Hadulla (partner), Dr. Andreas Robert Schüssel (both Competition/Antitrust, both Stuttgart), Dr. Stefan Mayer (partner), Dr. Dominik Monz (both Tax, both Frankfurt), Dr. Alexander Molle (partner), Dr. Hannah Bug (counsel, both Intellectual Property, both Berlin), Dr. Jacob von Andreae (partner), Aylin Hoffs (both public law, both Düsseldorf).​