June 4, 2024 /SemiMedia/ -- According to reports, Infineon has obtained the final construction permit for its 5 billion euro smart power semiconductor fab in Dresden, Germany. The fab will start production as planned in 2026 and will mainly be used to produce analog/mixed signal and power products.

“Infineon’s fourth production module in Dresden is another important building block for strengthening Europe’s resilience in microelectronics and a further step towards achieving the European Commission’s goal of increasing Europe’s share in global chip production to 20%,” said Michael Kretschmer, Prime Minister of the German Free State of Saxony.

“We are progressing very well with the construction of our state-of-the-art Smart Power Factory in Dresden. Thanks to the excellent cooperation with the authorities, we are exactly on schedule. With our strategic decision to continue investing in Dresden, we are securing the long-term future of the site and strengthening Europe’s semiconductor manufacturing base,” said Rutger Wijburg, Member of the Infineon Technologies Board of Management and COO.

The report noted that the new factory aims to enhance Europe's supply chain security and will create around 1,000 highly qualified jobs.