EU approves 319 million euros in state aid for Infineon's gallium nitride plant in Villach
On October 28, the European Commission approved Austrian state aid of 319 million euros for the modernization of Infineon's plant in Villach, a project worth 1.1 billion euros. The company plans to create the world's first large-scale production of gallium nitride-based power semiconductors on 300-millimeter wafers; completion is scheduled for 2034.
Otabek Yusupov