The German electronic chips company Infinion Technologies announced its intention to invest 5 billion euros (5. 2 billion dollars) to establish a new factory to produce chips in the German city of Dresden.
The Bloomberg News Agency quoted the company’s statement as saying that the new factory, which will start working in the fall of 2026, will provide about 1,000 new jobs, along with 3,100 employees working for the company in Dresden.
“We are pleased to obtain political support for an investment project in Dresden and we rely on obtaining appropriate funding through the European Chips Law” aimed at supporting the electronic chips industry in the European continent in the wake of the grinding crisis in the chips supplies that influenced On many industries in the whole world.
Bloomberg indicated that the new project, whose total investment reaches 5 billion euros, will be the largest investment project in the history of Infinion.
Invinon hopes to take advantage of the European Union’s investments keen to support the local chips industry in Europe. The European Union’s keenness to reduce dependence on the imports of chips and semi -conductors from Asia and the United States.
The Federation aims to produce 20% of the total semiconductor in the world by 2030, compared to 10%
At the same time, the European Chips Law aims to pump investments worth 43 billion euros of public and private funds to increase the production of electronic chips in Europe.
In a related development, the Infinone announced today its profits significantly increased in the past fiscal year and raised its goals.
The company stated that its net profits in the past fiscal year increased by 86% to 2. 2 billion euros.
She said that her revenues increased by 29% and reached 14. 2 billion euros. Both numbers are two records.
In the wake of the strong results, the company announced the raising of its expectations in the medium term, as it announced its intention to work to reach the rate of growth to 10% in the year compared to 9% that it was planning in the past and raised its goal for the operating profit margin from 19 to 25%..
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