EU Approves €319 Million State Aid for Infineon's Next-Generation Semiconductor Factory in Austria

The European Commission has approved €319 million in Austrian state aid for Infineon Technologies to upgrade its Villach facility, making it the world's first high-volume manufacturing plant for next-generation gallium nitride (GaN) power semiconductors on 300-millimetre wafers. This investment, under the EU's Chips Act, aims to strengthen the bloc's position and autonomy in the semiconductor value chain and meet rising demand driven by the AI boom.