# ams OSRAM plans €588M chip production expansion in Premstätten, Austria

ams OSRAM plans to invest €588 million by 2030 to expand chip production in Premstätten, Styria, Austria, creating about 250 new jobs, with up to €200 million in funding requested under the European Chips Act.

- Type: Expansion
- Announced: 2024-05-13
- Where: Premstätten, Styria, Austria
- Value: $635.0M (588.0M EUR)
- Jobs: 250
- Starts operating: 2030
- Status: announced
- Products: microchips for medical technology, industry, consumer handhelds
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ams OSRAM](https://endata.com/companies/55614.md)

## Sources

- [ams-osram.com](https://ams-osram.com/news/press-releases/expand-production-and-chip-technologies-in-styria-by-2030-european-chips-act), 2024-05-13: "ams OSRAM is sustainably strengthening its development and production site in Premstätten with plans to invest a total of EUR 588 Mio. in the development and production site in Premstätten by 2030."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.