Overview

• Saxony’s Ministerpräsident Michael Kretschmer used his Dresden site visit to call for a multiyear freeze on new rules to cut bureaucratic hurdles
• Infineon broke ground on the Smart Power Fab in May 2023 and recently confirmed funding support from the German Federal Ministry of Economics
• The facility is designed as one of Europe’s most advanced semiconductor factories targeting renewable energy, data centers and electric mobility
• Infineon already employs over 3,900 people at its Dresden site and plans to hire up to 1,000 additional workers ahead of the 2026 production launch
• The project aligns with the EU Chips Act by strengthening local microelectronics capacity and reducing Europe’s reliance on overseas suppliers