Infineon to Invest $1.9 Billion in New Austrian Chip Factory
- German company says 6-year investment will create 400 jobs
- Site is meant to meet demand for power semiconductors
Photographer: Krisztian Bocsi/Bloomberg
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Infineon Technologies AG will spend 1.6 billion euros ($1.9 billion) over six years to build a new factory in Austria, in a bet on rising demand for semiconductors that go in everything from electric cars to wind turbines.
Infineon will create 400 new jobs at the new site in Villach in southern Austria, where the production of 300-millimeter thin wafers is due to start in 2021. The factory is next to an existing company facility and has the potential to generate 1.8 billion euros in yearly sales, the company said.