There is not yet much to see of the new high-tech plant in northern Dresden. But the ground-breaking ceremony for the fab, which is short for „fabrication plant,“ i.e., a semiconductor plant, is set to take place in the second half of the year. Christian Koitzsch, President of European Semiconductor Manufacturing Company (ESMC), the newly founded joint venture between Bosch, Infineon and NXP, made the announcement. They each hold a ten percent stake. The majority shareholder is Taiwan-based TSMC. Koitzsch previously headed a Bosch factory in Dresden and has been in charge of the new joint venture between Bosch and TSMC since the beginning of the year.