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, part of the EU's Chips Act, aims to strengthen the bloc's position and autonomy in the semiconductor value chain and reduce reliance on imports.