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Infineon plans 5-billion-euro Dresden site, raises targets

Infineon is planning a new 5-billion-euro factory in the eastern German city of Dresden to expand its 300-millimetre production capacities, the German chipmaker said on Monday, while also raising its long-term financial targets.

The plant, subject to adequate public funding, could go into operation in autumn 2026 and create up to 1,000 jobs, added Infineon. When operating at full capacity, the planned factory would have the potential to generate annual revenue equal to the level of the investment, it added.

The segment result margin is also expected to reach an average level of 25% versus 19% to date. Nasdaq

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