Chip manufacturer Infineon plans to double its production capacity in Dresden and will open a new plant on Thursday (11:00 a.m.). The Smart Power Fab is a truly monumental project that cost around five billion euros. About one billion of that comes from public funding. The production facility will create about 1,000 new jobs.
Chancellor Friedrich Merz (CDU) had canceled his attendance at the opening due to scheduling conflicts. He will now be represented by Digital Minister Karsten Wildberger (CDU). In addition, Jochen Hanebeck, CEO of Infineon Technologies AG, and Saxony’s Minister President Michael Kretschmer (CDU) will deliver welcoming remarks.