BERLIN (Reuters) – German semiconductor maker Infineon said on Monday it plans to invest five billion euros in a new factory in Dresden, eastern Germany, to boost production capacity, and he has revised his long-term financial objectives upwards.
The new site, whose construction will depend on obtaining sufficient public funding, could produce its first chips in the fall of 2026 and create up to 1,000 jobs, Infineon said, adding that once it reaches full capacity, it will could generate an annual turnover equivalent to the investments implemented.
Infineon is now targeting average annual revenue growth of more than 10%, up from 9% previously.
Its growth should be driven by electromobility, autonomous driving, renewable energies, data centers and the Internet of Things, he explains.
The margin of its main business segments should reach 25% on average, against 19% expected so far.
On the Frankfurt Stock Exchange, Infineon shares gained 6.31% to 31.095 euros around 3:30 p.m. GMT.
(Alexander Huebner report, French version Marc Angrand, edited by Sophie Louet)
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