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EU approves $960 million in German aid for Infineon chips plant

The European Commission approved $960 million in German state aid for Infineon Technologies to build a new semiconductor manufacturing plant in Dresden.
The project, MEGAFAB-DD, will produce various types of computer chips and is expected to reach full capacity by 2031.
Infineon stated that this plant represents their largest single investment in history, amounting to 3.5 billion euros overall.
The Commission emphasized that the plant will enhance Europe's semiconductor supply chain and contribute to crisis preparedness under the European Chips Act.

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Kronen Zeitung

Germany supports Infineon factory with €920 million

Germany is allowed to support the construction of a new chip factory in Dresden with almost one billion euros. The European Commission in Brussels approved the aid of 920 million euros for the construction of the plant of the semiconductor group Infineon, as stated in a communication. The measure will enable Infineon to conclude a specific project to enable the production of a wide range of different chips. The new production facility will conne…

5 hours ago·Vienna, Austria

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Tagesschau

Commission approves aid for new Infineon chip factory

Germany is allowed to support the construction of a new Infineon chip factory in Dresden with almost one billion euros. The first semiconductors are scheduled to roll off the belt in the coming year.

1 day ago·Hamburg, Germany

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VOA News

EU approves $960 million in German aid for Infineon chips plant

Chipmakers across the globe are pouring billions of dollars into new plants

1 day ago·United States

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Spiegel

Infineon: Commission approves subsidy for chip factory in Dresden

The German state is allowed to support a new Infineon factory in Dresden to almost one fifth. The project strengthens Europe's security of supply, the EU Commission has given its approval.

1 day ago·Germany

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Channel News Asia

EU approves 920 million euro German aid for Infineon chips plant

BRUSSELS : The European Commission approved a 920 million euro German state aid to Infineon for the construction of a new semiconductor manufacturing plant in Dresden, it said in a statement on Thursday.The measure will allow Infineon to complete the MEGAFAB-DD project which will be able to produce a wide

1 day ago·Singapore

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DPL News

Infineon will receive 920 mde from Germany for new chip plant

The European Commission (EC) authorised the disbursement of €920 million for Infineon to carry out the construction of a new chip manufacturing plant in Dresden, Germany. Brussels gave its approval by virtue of the fact that the grant is in line with the objectives of the European Chips Act, which establishes measures to strengthen Europe’s competitiveness and resilience in the semiconductor supply chain. With the approval, the German government…

17 hours ago

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