Infineon receives EU Chips Act funding approval for Dresden Smart Power Fab

The European Commission approved funding under the European Chips Act for Infineon's Smart Power Fab in Dresden, with total funding of around €1 billion. Infineon is investing €5 billion in the expansion, which started construction in March 2023 and is planned to open in 2026, creating up to 1,000 jobs.

“The European Commission today approved funding under the European Chips Act for the Infineon Technologies AG Smart Power Fab in Dresden.”infineon.com

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• infineon.comInfineon receives approval for funding under the EU | Infineon TechnologiesMichael BurnerFeb 20, 2025

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