Infineon Technologies will invest €1.6bn (US$1.87bn) in a new 300mm chip factory in Austria. The fully automated facility will be constructed in Villach alongside the company’s existing production facility, and will lead to the creation of around 400 new jobs. Construction is due to begin in the first half of 2019, with production due to commence at the start of 2021.
“Global demand for power semiconductors is soaring. As the market and technology leader, Infineon is particularly sought-after by customers and is even growing more strongly than the market,” said Reinhard Ploss, chief executive officer, Infineon.
“Growth is underpinned by global megatrends such as climate change, demographic change and increasing digitization. Electric vehicles, connected and battery-powered devices, data centers or power generation from renewable sources require efficient and reliable power semiconductors.
“We recognized that trend early on and so are rapidly expanding production capacities for 300mm technology at our Dresden location. The new facility at Villach will help us cater for the growing demand that our customers anticipate, and continue on our path to success in the coming decade.
“Backed by the unique expertise we have built at our locations in Europe, we as a global company can strengthen our position on the world market long term.”