Still waiting for word on those sweet, sweet subsidies
Infineon hopes to secure €1 billion in subsidies for its upcoming chip fab in Germany, but it's not waiting around to get started.
On Thursday, the chipmaker – best known for producing semiconductors used in automotive, industrial, and power applications –it has secured permission from German regulators to begin work on the project before the European Commission has completed an investigation into legal subsidies for the plant. The €5 billion facility is to be located outside Dresden and produce analog and mixed-signal technologies and power semiconductors using 300mm wafers when it comes online in 2026. These components are used in a variety of applications including EV charging applications, motor control units, datacenters, and other industrial environments.
According to CEO Jochen Hanebeck, a major emphasis behind the fab was to capitalize on growing demand for decarbonization technologies."We see structurally growing demand for semiconductors, for example for use in renewable energies, datacenters, and electro-mobility," he said. Construction on the plant is expected to begin later this year and employ approximately 1,000 once operational. The company estimates that the facility, which it says is its largest single investment in its history, will contribute roughly €5 billion a year to its bottom line.
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