Dresden (dpa/sn) - Infineon's plans for a new semiconductor plant in Dresden have triggered a strong response in Saxony. The industry network Silicon Saxony - an association of more than 400 companies and research institutions - evaluated the plans on Tuesday as proof that "Germany and Europe are and will remain internationally competitive". CDU Prime Minister Michael Kretschmer called the investment, estimated at 5 billion euros, a "promise for the future". "Microelectronics is the key technology. For decades, Saxony has promoted this industry of the future through investments in science." IG Metall spoke of good news for the entire region.
"Now it is crucial that the implementation of the European Chips Act becomes reality as quickly as possible. Everyone involved in Brussels and Berlin must follow their words with deeds, finalize the framework conditions and start the funding programs," explained Frank Bösenberg, Managing Director of Silicon Valley. With the chip law, the EU wants to prevent Europe from being further left behind by Asia and America in the production of microchips. By 2030, around 43 billion euros in public and private funds are to be generated for microelectronics.
"The production of semiconductors in Germany strengthens the industrial location and reduces dependence on international supply chains," emphasized IG Metall District Manager Irene Schulz. In addition, many highly productive industrial jobs will be created in Dresden in an industry with very good future prospects: "We will advocate a fair distribution of economic returns and look forward to dialogue with Infineon."