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Infineon to spend $285 million in Austria
Peter Clarke
5/6/2011 7:47 AM EDT
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 fiscal year.
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.
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