The industry network Silicon Saxony is optimistic about the future. 2024 was a good year for the semiconductor industry, Managing Director Frank Bösenberg told Deutsche Presse-Agentur. Progress is being made on all projects in Saxony. The highlight was the ground-breaking ceremony for the new chip factory of TSMC and its partners in Dresden. The funding for this has now finally been approved.
All projects in Silicon Saxony are on schedule
Infineon's construction site is also on schedule. Other companies such as Bosch, X-Fab and Jenoptik are continuing to invest. Intel's announcement that it would not be building the plant in Magdeburg for the time being may have caused a moment of shock here too. However, the association had assumed that the projects in the Free State would continue as planned. "The optimism we had at the end of the previous year was justified."
Bösenberg sees no direct impact from Intel's announcement. However, it will have an impact on the objectives of the European Chip Act. The targeted expansion of European production capacity to a global market share of 20 percent would not be possible without the Intel plant. It would be good for Germany as a business location if the decision were only postponed and not overturned. We will now have to wait and see.
