Infineon Technologies has received final funding approval for its new Dresden plant (Smart Power Fab) from the German Federal Ministry for Economic Affairs. Infineon is expanding the site to meet customer demand for sectors including renewable energies, efficient data centres and electromobility. Infineon will invest five billion euros of its own money.

Infineon’s CEO, Jochen Hanebeck, said: “The final funding approval for our Smart Power Fab is an important milestone for us as a company and is a clear signal to the European semiconductor ecosystem. We are grateful to the German federal government, the Free State of Saxony and to the European Union for their support. The semiconductors we manufacture in Dresden are our contribution to making the future value chains of key European industries even more robust.”

Construction of the Smart Power Fab is proceeding as planned, with the building shell currently nearing completion.

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