EC awards €1bn European Chips Act money for Infineon’s Dresden fab

Infineon has got EC approval for European Chips Act funding for its Dresden fsb.

The award still needs sign-off from the Federal Ministry for Economic Affairs and Climate Action (BMWK).

EC awards European Chips Act money for Infineon’s Dresden fabThe fab  is already receiving support under the EC’s IPCEI ME/CT (“Important Project of Common European Interest on Microelectronics and Communication Technologies”) innovation program.

Total government funding for the €5 billion expansion of the Dresden site is around €1 billion.



Construction began in March 2023. The Fab opening is planned for 2026.

“We are increasing semiconductor capacity in Europe and thus helping secure stable supply chains in automotive, security and industrial fields,” says Infineon CEO Jochen Hanebeck.

 

David Manners

David Manners

David Manners has more than forty-years experience writing about the electronics industry, its major trends and leading players. As well as writing business, components and research news, he is the author of the site's most popular blog, Mannerisms. This features series of posts such as Fables, Markets, Shenanigans, and Memory Lanes, across a wide range of topics.

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