Austrian Federal Ministry for Economic Affairs, Energy and Tourism

Money Moves

Expected to formally commit the €319 million funding

Infineon will spend €1.1 billion turning part of its Villach, Austria plant into the world's first high-volume factory for gallium nitride power chips made on 300-millimeter wafers. Production starts by the end of 2027, the build-out runs to 2034, and the European Commission has approved €319 million in Austrian state aid for it.

Updated Oct 29