Overview
- Infineon formally opened the Smart Power Fab in Dresden on Thursday, July 2, marking the company’s largest single investment of about €5 billion and a build completed three months ahead of schedule.
- The facility will produce power semiconductors on 300‑mm wafers for EVs, wind and solar inverters and data‑center power systems, will run on 100% green electricity and is expected to create roughly 1,000 direct skilled jobs.
- Public support tied to the project totals about €920 million under the European Chips Act, a funding decision the EU approved in February 2025 and which officials cite as key to boosting European production capacity.
- Separately, Siemens announced a €300 million expansion in Hesse for electrical switchgear, planning about 700 new jobs by 2030 to meet rising demand from data centers and electrification projects.
- The openings underscore a broader push for industrial scale‑up in Europe: policymakers promise faster approvals and greater sovereignty over critical supply chains, while analysts question the size of subsidies and call for lasting research and workforce ties to lock in investment.