Infineon plans €5bn 300mm fab in Dresden

Author: EIS Release Date: Nov 22, 2022

Infineon is planning a €5 billion fab in Dresden if it can get government subsidies.
Building the fab is dependent on state support for the Dresden factory, said CEO Jochen Hanebeck (pictured), adding that he has received a political signal.
He has said he would like to have more capacity for products made on processes with geometries ranging fron 28nm to 12nm to reduce reliance on Taiwan foundries.
The German economy ministry says it will “quickly examine the funding possibilities for the project announced by Infineon in terms of state aid and subsidy law’.
If it goes ahead, the plant would run first silicon in 2026 and employ 1,000 people.
When fully equipped, the fab would generate revenue of €5 billion a year.  
infineon sees its growth coming from electromobility, autonomous driving, renewable energy, data centres, and IoT.
Infineon expects to drive its margins to 25% – up from 19% – and its annual revenue increases to 10% up from 9%.
For the coming FY, it  expects a margin of 24% on sales of €15.5 billion  plus or minus €500 million.
In FY 2022, Infineon saw revenue rise 29% to €14.2 billion, while profit rose 63% to €3.4 billion.