03:48 AM EDT, 10/27/2026 (MT Newswires) -- Infineon Technologies (IFX.F) allocated 1.1 billion euros for its planned development in Villach, Austria, of a manufacturing facility for gallium nitride power semiconductors on 300-millimeter wafers. The German semiconductor manufacturer said the funds will be fully invested by 2034 in cleanroom facilities at the site. To help finance the development, it secured 319 million euros of state aid from the European Commission and a yet-to-be-finalized funding commitment from the Austrian Federal Ministry for Economic Affairs, Energy and Tourism. The company expects to begin production at the site by the end of 2027.

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