Dresden, Infineon and Europe
EU approves funding for Infineon's Dresden fab under European chip incentive
According to Infineon's press release, the European Commission has approved funding for Infineon's Smart Power Fab in Dresden under the European Chips Act, with expected approval from Germany's Federal Ministry for Economic Affairs and Climate Action in the coming months.
Europe approves €920m grant for Infineon Dresden smart power fab
The European Commission has approved a €920m German aid measure to Infineon for its new semiconductor smart power fab in Dresden. The measure allows the company to complete the MEGAFAB-DD project and produce a wide range of chips. Work on the site started two years ago and is due to be completed in 2026.
Semiconductor company Infineon will receive up to 920 million euros ($959 million) from Germany to build a factory in Dresden after the European Commission approved the state aid.
The stock jumped after the group raised its sales forecasts as it expects to benefit from a stronger U.S. dollar, while sales fell less than feared amid solid demand for AI chips.
closing its first quarter slightly ahead of expectations," said Infineon CEO Jochen Hanebeck in a statement. The Munich-based manufacturer reported first-quarter revenue had fallen by 8% to 3.4 ...
Infineon chief executive officer Jochen Hanebeck said that the new Kulim campus progressed ahead of its original schedule and it will become the world’s largest silicon carbide power ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback