India, May 19 -- Infineon has received the final confirmation from the Federal Ministry of Economics for the funding of its new plant in Dresden (Smart Power Fab).

With the expansion of the site, Infineon will meet customer demand for renewable energies, efficient data centers and electromobility, for example. Infineon itself is investing five billion euros, creating up to 1,000 new jobs, although this does not yet include the additional jobs created in the vicinity of the investment.

Experts assume a positive job effect of 1:6 (source: ZVEI study). Infineon is also investing in Dresden through its stake in the joint venture "European Semiconductor Manufacturing Company (ESMC) GmbH".

"The final confirmation of funding for our Smart Pow...