Infineon kicks off new Fab in Dresden
Summary
The German Federal Ministry for Economic Affairs and Climate Action has approved an early project launch, meaning that construction can already begin before completion of the inspection of legal subsidy aspects by the European Commission. "Were picking up the pace by expanding our production capacities in order to leverage the growth opportunities which the megatrends decarbonisation and digitalisation are offering us," says Infineon CEO Jochen Hanebeck. By building the 300mm Smart Power Fab in Dresden we are establishing the prerequisites necessary to successfully meet the rising demand for semiconductor solutions." Infineons investment is an essential contribution to achieving the European Commissions declared objective of reaching a 20% share of global semiconductor production in the EU by 2030. Expansion of production capacities at the existing Dresden site will let Infineon complete the project quickly and will also generate considerable effects of scale.