Infineon's $1.44 Billion Thailand Semiconductor Plant to Begin Production on October 1

Deep News09-26 10:21

German chipmaker Infineon Technologies AG (OTC: IFNNY) will officially open its Thailand semiconductor plant on October 1, with a project investment exceeding 48 billion Thai baht (equivalent to $1.44 billion), helping Thailand build a more advanced domestic chip industry.

The Thailand Board of Investment said in a press release late Friday that the investment covers power module manufacturing, semiconductor testing, and a research and development center.

The Thailand plant will produce power modules used in electric vehicles, energy systems, and data centers.

The project is expected to employ more than 5,000 local Thai workers.

Infineon Technologies AG (OTC: IFNNY) will provide training for more than 600 Thai technology personnel and send over 130 employees abroad for specialized training.

The company plans to invest at least 2.8 billion Thai baht in research and development, cultivate at least 14 local Thai suppliers, and strive to increase the proportion of local materials and components procurement to 60%.

The plant will become Infineon Technologies AG (OTC: IFNNY)'s third-largest power module production base after Germany and China.

This project aligns with Thailand's semiconductor development strategy.

The strategy aims to attract at least 500 billion Thai baht in investment in the first five years and 2.5 trillion Thai baht by 2050.

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