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IFX - Infineon Technologies AG News Story

€35.6 -0.3  -0.8%

Last Trade - 09/04/21

Sector
Technology
Size
Large Cap
Market Cap £40.18bn
Enterprise Value £43.36bn
Revenue £8.05bn
Position in Universe 34th / 1045

Infineon's new Austrian plant can equip 25 mln electric vehicles a year - CEO

Thu 25th February, 2021 9:40am
Feb 25 (Reuters) - German chipmaker Infineon  IFXGn.DE  is
expanding production capacity and with the early opening of its
new plant in Villach, Austria this year will be able to meet its
customers' long-term needs, CEO Reinhard Ploss said on Thursday.
    Once fully operational, Villach will be capable of producing
enough power semiconductors each year to equip the drive trains
of 25 million electric vehicles, Ploss said in remarks prepared
for delivery at Infineon's annual shareholders meeting.

 (Reporting by Douglas Busvine)
 ((douglas.busvine@tr.com; +49 30 220 133 562;))
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