Semiconductor company Infineon's German chip plant gets EU approval for €920 million subsidy

www.infineon.com

Semiconductor company Infineon's German chip plant gets EU approval for €920 million subsidy

www.infineon.com

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Europe@feddit.orgEnglish · 3 days ago

Infineon receives approval for funding under the EU Chips Act – IPCEI funding drives innovation projects in Europe forward - Infineon Technologies

www.infineon.com

The European Commission today approved funding under the European Chips Act for the Infineon Technologies AG Smart Power Fab in Dresden. The official funding approval from the Federal Ministry for Economic Affairs and Climate Action (BMWK), which is responsible for the disbursement of EU Chips Act funding, is still pending and is expected within the next few months.

Additionally, the Smart Power Fab is already receiving support under the European Commission’s IPCEI ME/CT (“Important Project of Common European Interest on Microelectronics and Communication Technologies”) innovation program. The total funding for the Dresden site amounts to around one billion euros. Construction began in March 2023 and is progressing successfully. The Fab opening is planned for 2026.

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