Germany semiconductor business Infineon Technologies has received final approval for the public funded element of its under-construction plant in Dresden from Germany’s federal ministry for economic affairs.
Infineon is expanding the site to meet growing customer demand from renewable energies, data centres and electromobility. Infineon will invest €5bn in the fab, known as Smart Power Fab, which it hopes to open in 2026.
“The final funding approval for our Smart Power Fab is an important milestone for us as a company and is a clear signal to the European semiconductor ecosystem,” said Infineon CEO Jochen Hanebeck.
“The semiconductors we manufacture in Dresden are our contribution to making the future value chains of key European industries even more robust.”
Infineon is also investing in Dresden through its participation in a European Semiconductor Manufacturing Company (ESMC) joint venture.
The Smart Power Fab is being supported by both the European Chips Act and the IPCEI ME/CT innovation programme (it stands for Important Project of Common European Interest on Microelectronics and Communication Technologies), which announced funding in February. Overall funding for the site from these sources totals approximately €1bn.
Construction of the fab is nearing completion. Infineon held a topping-out ceremony together with all those involved in construction activities in early April.
