With the support of the EU Chips Act, Infineon Technologies AG is building a new smart power fab in Dresden, Germany.
🟦 Expansion of Infineon’s Dresden plant – a key project for the future of the semiconductor industry
Infineon Technologies AG has decided to invest EUR 1 billion in a smart power fab in Dresden, supported by the EU Chips Act. Construction of the plant is expected to begin in March 2023 and be operational in 2026. In addition, the company is investing a total of EUR 5 billion to expand the entire Dresden plant, which is expected to create up to 1,000 new jobs.
What sets this smart power fab apart is its focus on technologies that accelerate decarbonization and digitalization. In particular, the development of energy-efficient power solutions and semiconductor technologies for artificial intelligence will be promoted. The project is also supported by the European Commission’s innovation programme IPCEI ME/CT (Project of Common European Interest in Microelectronics and Communication Technologies), which will also strengthen the competitiveness of the European semiconductor industry.
🟦 Why is Infineon’s investment important for the European semiconductor industry?
In recent years, Europe has enacted the EU Chips Act with the aim of improving its semiconductor self-sufficiency rate. This is a measure to expand semiconductor production in Europe and stabilize the supply chain. The expansion of the Dresden plant is in line with the objectives of the EU Chips Act and is a major step towards establishing Europe as a semiconductor production hub.
In addition to Dresden, Infineon is also investing EUR 2.3 billion in research and development at its sites in Germany and Austria to drive innovation in areas such as power electronics, sensor technology and radio frequency applications. This is expected to improve the competitiveness of the semiconductor industry in Europe as a whole.
🟦 Summary
Infineon’s investment in Dresden is an important milestone in the development of the European semiconductor industry. With the support of the European Chip Act, the development of semiconductor technologies that promote decarbonization and digitalization is underway. The expansion will also create 1,000 new jobs and help stabilize Europe’s semiconductor supply chain.
It is interesting to note that Infineon’s investment is supported by the EU Chips Act, but the plant itself started in March 2023 and was planned before the European Chip Act was enacted.
