Infineon invests 1.1B euros in Austria
German chip maker Infineon is investing 1.1 billion euros in an Austrian site to build the world's first plant for mass producing advanced gallium nitride semiconductors. The expansion targets growing demand in artificial intelligence, energy, and electric mobility.
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INFINEON TECHNOLOGIES AG is investing €1.1 billion ($1.23 billion) in Austria to build a new power semiconductor plant, scaling up production for data centres. The investment follows a 40% drop in the Germany-based chipmaker's share price since mid-June. The expansion aims to capture surging demand from artificial intelligence and energy infrastructure.
