Infineon to Open German Chip Fab as Part of EU Sovereignty Push

Infineon is set to open a $5.8 billion power-chip fab in Dresden on July 2, backed by about $1.1 billion in EU Chips Act subsidies. The plant will make power semiconductors for AI data centers and could eventually add up to $5.8 billion in annual revenue as demand for AI infrastructure strains global electricity systems. Bloomberg reports: Infineon, traditionally a chipmaker for the automotive industry, has increasingly benefited from soaring demand for power chips used in AI data centers, which