The year ends as it began: with a major investment of billions in the chip industry in the new federal states.
After the American semiconductor group Intel declared in February that it would build a new plant outside the gates of Magdeburg for the equivalent of almost 20 billion euros, its Munich competitor Infineon is now following suit.
Stephen Finsterbusch
Editor in Business.
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This is also badly needed.
Because Europe's industrial customers will desperately need semiconductor components of all kinds over the coming years.
In order not to let their risky dependence on Asian and American manufacturers increase immeasurably, Brussels is in the process of removing legal hurdles for the payment of investment subsidies worth billions with its Chips Act.
In order to continue to strengthen Dresden as Europe's largest chip location in this race, political Berlin has also put a lot of effort into it.
With flying colors and success.
Only two years ago, Bosch opened its new chip factory in Dresden.
Now Infineon is moving with the announcement of another plant in Florence on the Elbe.
This is good for Saxony, Germany and Europe.