VILLACH, Austria :Germany's Infineon opened a 1.6 billion euro plant in Austria on Friday, boosting its ability to supply power chips for cars, data centres and renewable power.
"Our timing in adding new capacity couldn't be better, considering growing demand for power-management semiconductors," CEO Feinhard Ploss said before an opening ceremony with Austrian Chancellor Sebastian Kurz and EU Commissioner Thierry Breton. Munich-based Infineon, the leading supplier to the auto industry, has itself faced problems meeting delivery commitments after a winter storm knocked out a plant in the United States and coronavirus lockdowns disrupted operations in Malaysia.
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