As it apparently considering Germany for its first European facility, Taiwan Semiconductor is on the rise.

In premarket trade on Friday, Taiwan Semiconductor (NYSE:TSM) shares increased slightly on news that the multinational foundry may choose Germany as the location for its first European unit.

The Financial Times stated that the chip manufacturer, which makes processors for customers including Apple (AAPL), Nvidia (NVDA), Advanced Micro Devices (AMD), and others, is considering building a plant in Dresden, Germany's state of Saxony.

The news source continued, citing persons with knowledge of the situation, that Taiwan Semiconductor (TSM) plans to send a delegation of executives to Germany early next year to discuss government backing for the factory and speak with suppliers to better understand how they may assist the plant.

Seeking Alpha contacted Taiwan Semiconductor (TSM) for comment, but they did not return it right away.

When news broke in June that Taiwan Semiconductor (TSM) was considering establishing a facility in Europe, firm chairman Mark Liu informed investors that there were no "concrete plans" in place at the time and that the company was still exploring the options.

Taiwan Semiconductor (TSM) has pushed to increase the size of its worldwide manufacturing base with facilities across the globe, including its Arizona facility, which it announced earlier this month would triple in size to $40 billion.

President Biden visited the Arizona facility, and Taiwan Semiconductor's (TSM) Liu stated that when the new production fab is operational, it will generate $10B in revenue.

The company also began building a plant in Japan in March, and it may aim to increase its presence there, but it currently has no firm plans.

Taiwan Semiconductor (TSM) announced net revenue for November of NT$222.71 billion earlier this month, up 5.9% from October and 50.2% from the previous year.