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Reviews: chip manufacturer: Infineon builds new work in Dresden and screws goals higher

Sixt orders several thousand electric cars from the Chinese manufacturer BYD

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Bedingung für den Bau ist eine staatliche Subventionierung. Foto: dpa © provided by Wirtschaftswoche condition for construction is state subsidy. Photo: Dpadata portal copyright =

The Munich chip group Infineon has announced the greatest individual investment in its history. A new work in Dresden is to be built for five billion euros.

Infineon is building a new work in Dresden for five billion euros. The company said that the 300 millimeter manufacturing capacities for analog and mixed signal chips as well as for performance collapse should be expanded on Monday in Munich. It is the greatest individual investment in the history of the company. This could create up to 1000 jobs. The Supervisory Board approved the expansion of production. "Dresden is a planned manufacturing location, subject to reasonable public funding," said the message. The factory could go into operation in autumn 2026.

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At the same time, the Munich semiconductor manufacturer screwed up its long -term growth goals. In the future, the proceeds should increase by more than ten percent a year, one percentage point is more than previously predicted. The automotive, industrial and renewable energy markets, which Infineon mainly supplies with its chips, showed "increasing dynamics and permanently strong growth factors," the company explained the investment and increasing its goals. The operational return on sales (segment result) should be significantly higher at 25 (previously: 19) percent than before.

As early as the current financial year (by the end of September), Infineon expects a margin of 24 percent, sales should increase to 15.5 billion euros with a range of 500 million in both directions. "The 2023 financial year that has just started has started well," said Infineon boss Jochen Hanebeck. Nevertheless, in view of the economic and political uncertainties, vigilance is required.

"No sale of Elmos": Kühnert demands greater economic independence from China

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2022 made sales of 29 percent up to 14.2 billion euros. The segment result improved by 63 percent to 3.4 billion euros. The company thus exceeded the expectations of the analysts. According to the figures, the share rose by 7.5 percent to 31.43 euros.

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