The new fab marks a win for the EU in its attempts to improve the bloc’s chipmaking capacity.
Global semiconductor company Infineon Technologies is set to open a new €5bn chip factory in Germany, extending its existing campus in Dresden.
The factory represents Infineon’s single largest investment, according to Bloomberg, and was built with support from European Union subsidies. The Smart Power Fab will be opening doors on 2 July.
EU support for Infineon is part of a strong effort aimed at honing the bloc’s chipmaking capabilities and improving resilience to foreign pressures on the industry. Last year, the Commission approved a direct grant of up to €920m to Infineon to support its investment in Dresden.
The fab already received support under a different programme aimed at supporting common European interests on microelectronics and communication technologies. The company said that the total funding for the newly expanded Dresden site amounts to around €1bn.
