LONDON – German chip
company Infineon Technologies AG has announced that it is spending 198 million
euro (about $285 million) in the expansion of its production capacity and
R&D in Austria. The investment is part of planned spending for the 2011
Infineon said it plans
to create 400 jobs in Austria in the course of this fiscal year. Infineon’s
workforce at the Villach, Linz, Klagenfurt, Graz and Vienna sites currently
totals around 2,500 employees, of whom approximately 900 are engaged in
research and development.
"The lion's share
of the investment in Austria will go to chip development and manufacture for
power engineering and automotive electronics," said Reinhard Ploss, who is
the member of the Infineon management board responsible for operations, R&D
and labor at Infineon.