Kretschmer proposes moratorium on bureaucracy

Saxony's Minister President Michael Kretschmer (CDU) sees an urgent need for action to reduce bureaucracy. He told the German Press Agency after a visit to the construction site of the semiconductor company Infineon in Dresden that Germans must be prepared to get rid of the excess baggage that exists in many places. "I don't know whether this can be achieved on a small scale or whether we need a general solution."

Moratorium on regulatory density

In this context, Kretschmer called for a moratorium on issuing new regulations for the next few years and reducing them to the European minimum. Germany is above European law for many regulations, which makes projects expensive, slower and more difficult. "That's not how it works." The construction of Infineon's new Smart Power Fab is proof that projects can be implemented quickly and efficiently if you work professionally and free yourself from overregulation.

New semiconductor factory to create up to 1,000 new jobs

One of the most modern semiconductor factories in Europe is currently being built in Dresden. Infineon is investing five billion euros in it. The company recently received confirmation from the Federal Ministry of Economics that the Smart Power Fab will be funded. The ground-breaking ceremony took place in May 2023 and production is scheduled to start in 2026. The expansion of chip production is intended to respond to the demand for semiconductors in the fields of renewable energies, data centers and e-mobility. Up to 1,000 new jobs have been announced.

Billion-euro project on schedule and on budget

According to Infineon, construction is fully on schedule and on budget. "The Smart Power Fab is more than just a construction project. It is a strong commitment to Dresden as a location and to the future of European microelectronics," explained Raik Brettschneider, Managing Director of Infineon Dresden. The company employs more than 3,900 people from over 50 nations here. The search for personnel for the new factory is already underway. Infineon also wants to benefit from its more than 350 trainees at the site.