Fostering electromobility and green energy: Infineon opens new site for the production of high-power semiconductor modules in Cegléd

Munich, Germany, and Cegléd, Hungary – 6 October 2022 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has opened a new factory in Cegléd, Hungary. The factory is dedicated to the assembly and testing of high-power semiconductor modules to drive the electrification of vehicles, which is key in the improvement of the world’s CO ₂ balance. In addition, Infineon has invested in further production capacities for high-power modules that enable green energy, from wind turbines and solar modules to energy-efficient drives.

“Infineon is pursuing a long-term growth path. Decarbonization and digitalization are driving demand for our semiconductor solutions,” said Infineon’s COO Rutger Wijburg. “Cegléd already has a strong track record in enabling green energy. The new manufacturing capacities will help Infineon accommodate the growing demand for electromobility applications. At Infineon, we have been investing in the future growth of electromobility from the earliest stage. Today our company is the key semiconductor enabler of the transition to green energy.” The growth of electromobility is undisputed. Cars with fully or partially electrified drivetrains will account for more than 50 percent of cars produced by 2027, as per analyst forecasts.

Since its founding, Infineon has shown continuous commitment in Hungary and has now invested an additional 100 million EUR in the new fab, complemented by support from the Hungarian government. Tamás Szabó, Managing Director of Infineon Technologies Cegléd Kft. said, “Infineon has been present in Hungary for more than 25 years as a manufacturer of innovative semiconductor products, building on a highly reliable regional industrial infrastructure. Over the years, Infineon has gained a strong reputation in power modules, serving customers all over the world.”

Infineon is the number 1 in power semiconductors, driving the expansion of renewable energies and the energy-efficient storage and use of green electricity. As the global market leader for automotive semiconductors, Infineon pioneered the development of electric vehicles. Almost every second electric or hybrid car produced in 2021 uses Infineon semiconductors in its inverter.

When the new factory is fully staffed, another 275 employees will work for Infineon in Cegléd, bringing the total headcount to approximately 1,600. Production ramp-up started in February 2022.

Explore Infineon's drive for sustainable mobility: www.infineon.com/mobility

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. With around 50,280 employees worldwide, Infineon generated revenue of about €11.1 billion in the 2021 fiscal year (ending 30 September).

Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).

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