The Austrian subsidiary of German semiconductor manufacturer Infineon Technologies, Infineon Austria, plans to start the production of chips at the new facility in Villach at the end of 2021. The company will produce 300 mm thin wafers there. The new facility is currently being built and the first systems installed and taken into operation. A total of around EUR 1.6 billion will be invested over a period of six years. It has also completed the expansion of R&D facilities in Villach, Graz and Linz. 

Infineon Austria has invested EUR 498 million in research, development and innovation in the fiscal year 2020, slightly below last year's figures of EUR 525 million. Overall, investments increased by 25 percent in 2020 to a total of EUR 386 million compared with EUR 308 million in the prior year.

Infineon Austria achieved revenue of EUR 3.10 billion in 2020, almost at the level of previous year's figure of EUR 3.11 billion. The earnings before tax were approximately EUR 196 million, a decrease of around EUR 110 million or 36 percent compared with the previous year’s results of EUR 306 million. This is mainly due to lower capacity utilisation in production. 

The revenue of this past financial year reflects both the decline in the automotive market and the positive impact of digitisation and the resulting higher demand for microelectronics. The company will focus for the long term on energy efficiency, security, Internet of Things and sustainable mobility for growth. However, with the Covid-19 pandemic, the framework conditions of the global economy and the geo-political situation continue to be challenging, it said.