I would assume land costs are higher in NL, as there is less (I don't think Tesla paid a lot for the land) water in Germany depends on the region (but even Tesl

I would assume land costs are higher in NL, as there is less (I don't think Tesla paid a lot for the land) water in Germany depends on the region (but even Tesla in a dry region seems to do fine, although there are protests), there is more water in the south and less in the north, but again more near the coast (where I live), Netherlands has 26% corporate tax, Germany has 23% to 32% corporate tax, depending where you are (federalist state, some portion is determined by municipalities). Energy prices are currently high b/c a lot is produced by gas powered plants, but as Germany peaked renewables at 82% lately, and new renewables are very cheap (there are solar plants popping up everywhere here), energy should not be a problem (chip production is not aluminium or fertilizer production). The main reason TSMC builds there is that there are already lots of chip makers and knowledgeable staff to hire (and state subsidies, which if correctly used can be a good thing, Bavaria made the transition from an agricultural country to a high tech country with state subsidies, money transfers from the richer states in Germany to Bavaria - of course if used badly are just lost without effect).