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© HIPA Business | May 14, 2019

Infineon to build a new factory in Hungary

Infineon’s site in Cegléd – which was expanded with a central building last year – will get a new factory. With the new investment the company is creating 275 new jobs, says the Hungarian Investment Promotion Agency (HIPA).

In an email to Evertiq, Gregor Rodehueser, Infineon’s spokesperson Markets & Business Development, says that the company is investing EUR 100 million in the project – out of which EUR 20 million has been granted by the Hungarian government. He also stresses that this is not a capacity increase as the company is building a new site. “Over the last years, Infineon has seen a continuous sustainable growth, hence a growing demand for manufacturing capacities. Within Infineon, our new factory will be a major contributor to the production of power semiconductors, dedicated to e-mobility applications,” Rodehueser explains in the email. The decision to expand comes less than a year after the new central building of the company was inaugurated in June 2018 at the site in the Pest county. The semiconductor company received the grant notification on May 10 and is now starting the process of getting everything rolling. As this venture is still very fresh and the project planning still not complete, it is rather difficult to say when we will see the completion of the new factory. “Under favorable conditions, the groundbreaking may already be scheduled for fall 2019,” Rodehueser says.
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May 14 2019 8:21 pm V13.3.8-2