The high-tech company is investing more than EUR 1.6 billion in the enlargement of its Austrian headquarters, focusing on the fully automated production of power semiconductors as well as a building complex for research and development. CEO Sabine Herlitschka calls it “officially the largest private investment project in Austria over the last decades”. The investment is also a milestone in European industrial history.
According to a study carried out by the Institute for Industrial Research (IWI) in February 2018, Infineon has a disproportionately positive impact on value creation in Austria. As a flagship company, Infineon generates a gross value added of EUR 1.97 billion. The construction of a research complex is beginning in December 2018, whereas the company will begin work on the fully automated chip factory for manufacturing 300 mm thin wafers in the first half of 2019. The investments “are helping Europe to once again be in the fast lane in key technologies such as microelectronics and nanoelectronics which are crucial for our digital future”, says Mariya Gabriel, EU Commissioner for Digital Economy and Society, who travelled to take part in the ground-breaking ceremony.