EU approves €319 million for Infineon in Austria
Published
The European Commission approved on 27 October 2026 state aid from Austria for the chipmaker Infineon amounting to €319 million. The money is intended to support the production of chips made from gallium nitride.
State aid refers to financial support provided by the state to companies. Under EU rules, such subsidies must be examined and approved by the European Commission before they may be paid out. The Commission examines whether the support unfairly distorts competition in the single market.
Gallium nitride is a semiconductor material used primarily in power electronics. Chips made from this material can convert electricity more efficiently and are used, for example, in chargers, power supplies and applications for renewable energy. Infineon is one of the largest semiconductor companies in Europe and has an important site in Austria.
The approval shows that the European Union and Austria want to strengthen the production of semiconductors in Europe. This is intended to reduce dependence on supplies from other regions of the world. For Austria as a location, the decision means an important investment in the technology and industrial sector.
Sources: Pasquale Pillitteri
More Austria news
- Austrian property funds face ongoing return pressure
- Austrians cut back on clothing and shoes as retail slows
- 51 students finish AI Engineering master at FH Technikum Wien
- FH OÖ hosts info days on 27 and 28 November at four campuses
- JKU Linz develops modular buses to cut energy and running costs
- AGES opens new high-security zoonosis lab in Mödling
- US consumer prices rise more than expected
- Finance Departments Remain Hesitant on Digitalisation and AI