Federal government paves the way for record investment by Infineon
The chip manufacturer has received approval from the federal government to start construction. In 2026, the plant in Dresden should be finished with 1000 new jobs. Infineon is still waiting for state aid.
Berlin, Munich Nothing stands in the way of Infineon ‘s billion-euro investment in Dresden: The chip manufacturer’s supervisory board and board of directors have decided to start construction of the new plant in Dresden in the second half of the year. This emerges from a statement from the group on Thursday. At around five billion euros, this is the largest single investment in the history of the Munich-based Dax group.
The basis for the decision is the approval of the Federal Ministry of Economics that Infineon can start the project early. The officials of Economics Minister Robert Habeck (Greens) had approved the early start of the project according to Handelsblatt information in the first week of February. “When making investment decisions, speed counts,” said Habeck. “With this investment, Infineon is once again committing itself to Germany as a business location .”