According to reports, Infineon has approved further plans to build a 300mm analog/mixed-signal and power semiconductor fab in Dresden, Germany.
The fab is expected to cost 5 billion euros ($5 billion), and will likely generate annual revenue equal to the level of investment, the report said.
“We are pleased to have political support for an investment at the Dresden site (Germany) and we are counting on adequate funding through the European Chips Act. We concluded the challenging 2022 fiscal year very successfully, with an excellent fourth quarter. The 2023 fiscal year has also started well. In view of ongoing macroeconomic and geopolitical uncertainties, heightened vigilance is required in the coming quarters. We are prepared to act swiftly and flexibly if necessary,” said Jochen Hanebeck, CEO of Infineon.
Infineon said the new fab is expected to create up to 1,000 jobs and could be ready to start production in autumn 2026.