India, Sept. 21 -- European Semiconductor Manufacturing Co. (ESMC) recently celebrated a major milestone with a topping-out ceremony (Richtfest) in Dresden, Germany, confirming that construction is on track and within budget for a 2027 production start.

Construction & timeline milestones topping-out ceremony: Marked 25 months after groundbreaking with ~2,000 workers on-site.

Next phase: Manufacturing equipment installation is scheduled for the second half of 2027.

Production target: Initial operations remain on schedule for late 2027.

Regional & workforce impact influx of talent: Dresden expects 15,000 to 20,000 new workers by 2030.

Relocation: This includes roughly 600 TSMC engineers and supplier personnel arriving starting in 2027....