EU Approves €319 Million State Aid for Infineon's Austrian Semiconductor Factory Upgrade

The European Commission has approved €319 million in Austrian state aid for German semiconductor manufacturer Infineon Technologies. This funding will support a €1.1 billion project to upgrade Infineon's factory in Villach, Austria, to produce next-generation gallium nitride (GaN) power semiconductors using 300-millimetre wafers. This initiative, approved under the EU Chips Act, aims to enhance Europe's chip production capabilities and reduce reliance on imported semiconductors.